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An independent record of the October 2026 Binance hack
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The FSC said it reviewed exchanges’ IT access controls, wallet withdrawal approval and signing procedures, and administrator privileges. It also urged providers to increase the proportion of assets held in offline cold wallets.
From this source: South Korea urges exchanges to boost cold storage after Binance hack, with all of its statements.
Operators were also asked to set aside additional reserves and implement other security measures that could be introduced immediately to prevent similar breaches. The regulator said it would continue working with relevant agencies and the industry to prevent further attacks and limit potential damage.
The FSC also urged providers to continuously monitor deposits and withdrawals, secure additional incident response personnel and promptly report and share information about unusual access attempts.