Crypto

South Korea’s Financial Services Commission (FSC) has urged domestic cryptocurrency exchanges to increase the proportion of customer assets held in offline cold wallets following a $6.3 billion attack on Binance last week.

Blockchain investigator ZachXBT has raised his estimate of a suspected crypto theft tied to an unidentified EU entity to more than $133 million.

Binance has disclosed a record cryptocurrency hack with an estimated total impact of about $6.3 billion, while confirming that roughly $3 billion in stolen assets has been frozen.

Binance faced a net outflow of about $3.6bn after a record $6.3bn hack, the exchange’s proof-of-reserves snapshot showed.

The central bank started questioning 18 banks and 13 brokerages on Oct.