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South Korea Just Told Exchanges to Keep More Crypto Offline. Should You Do the Same?

South Korea Just Told Exchanges to Keep More Crypto Offline. Should You Do the Same?

After a wave of hacks hit Binance, BTCPay Server, and Mercado Bitcoin within days of each other, South Korean regulators called an emergency meeting and demanded exchanges lock more coins offline. Whether that protects you depends on a risk most…

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South Korea’s Financial Services Commission has instructed the country’s crypto exchanges to increase the amount of customer coins they store in cold storage. Cold storage refers to wallets that are kept offline, making them less vulnerable to hackers. This announcement came after a major security breach at Binance prompted a wave of…

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