South Korea's Financial Services Commission urgently summoned cryptocurrency trading platforms, demanding strengthened measures against hacker attacks and enhanced protection of user assets.

BlockBeats news, November 2 - According to South Korean media outlet Herald Economy, the South Korean Financial Services Commission urgently convened representatives from trading platforms such as Upbit, Bithumb, and Coinone on the morning of November 2 to hold a security inspection meeting, focusing on checking each platform's preparedness for large-scale hacker attacks and user asset protection systems.

The meeting was held ahead of a security inspection meeting for the entire financial industry on November 5, aiming to gain an early understanding of the South Korean crypto industry's response measures in light of the recent large-scale asset theft incident at Binance. The meeting will also discuss plans to increase the proportion of user assets stored in cold wallets.

Under South Korea's current Virtual Asset User Protection Act, trading platforms must store at least 80% of users' virtual assets in cold wallets isolated from the internet. According to the report, Upbit's cold wallet storage ratio exceeds 99%, Bithumb's is approximately 94%, Coinone's is approximately 85%, while Digital X and Gopax are at just over 80%.