Crypto exchanges are tightening security following Binance’s $6.3 billion heist, according to a Reuters report.

Coinbase Global Inc (NASDAQ:COIN) adjusted its offline cryptocurrency key-storage systems, while Kraken reviewed potential vulnerabilities.

“For crypto to reach its full potential, the security situation must be addressed immediately,” Franklin Templeton’s Head of Crypto Chris Perkins said in a statement.

The attack renewed pressure on exchanges to improve security as digital assets become more integrated into mainstream finance.

“We need a real-time alert system that allows participants to share information immediately when a hack occurs, coordinate a rapid response, and temporarily freeze suspected stolen funds,”…