Upbit’s New Cold Wallet Framework: Setting the Bar for Crypto Security
In the fast-paced world of cryptocurrency, the need for security is always at the forefront of everyone’s mind. Recently, Upbit made headlines when it announced that it would store 99% of user funds in cold wallets. This move is not just about asset protection; it’s about rebuilding trust after a major cyberattack. Let’s dive into Upbit’s new cold wallet framework and see what it means for the future of crypto security and regulatory compliance.
Why Cold Wallets Matter
Cold wallets, or cold storage, are basically storage solutions that are kept offline. They are designed to protect cryptocurrencies from the many dangers lurking online. This is in stark contrast to hot wallets, which are constantly online and much more vulnerable to…
