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South Korea’s Financial Services Commission on Nov. 2 urgently called in domestic crypto exchanges and urged them to build additional reserves following the Binance hacking incident, SBS News reported. The FSC focused its review on access controls for local virtual asset service providers’ computer systems, as well as approval and signing procedures for wallet withdrawals, including hot wallets. It also instructed exchanges to raise the share of assets held in cold wallets not connected to the internet to help prevent breaches similar to the Binance case. Under the current Virtual Asset User Protection Act, virtual asset service providers must keep at least 80% of customer-deposited assets in cold wallets, although the ratio varies by company.