PANews reported on December 10th that South Korean cryptocurrency exchange Upbit announced that as of the end of October 2025, Upbit's hot wallet custody rate was only 1.67%, while the cold wallet custody rate reached 98.33%. According to the Virtual Asset User Protection Act, cryptocurrency business operators must hold at least 80% of their customers' deposited digital assets in cold wallets. As part of strengthening the company's overall security system, Upbit has completed a re-examination and redesign of its wallet system and plans to further reduce the hot wallet percentage to around 0% in the future. In November, it was reported that Upbit had lost over 44.5 billion won due to a stolen hot wallet .PANews reported on December 10th that South Korean cryptocurrency exchange Upbit announced that as of the end of October 2025, Upbit's hot wallet custody rate was only 1.67%, while the cold wallet custody rate reached 98.33%. According to the Virtual Asset User Protection Act, cryptocurrency business operators must hold at least 80% of their customers' deposited digital assets in cold wallets. As part of strengthening the company's overall security system, Upbit has completed a re-examination and redesign of its wallet system and plans to further reduce the hot wallet percentage to around 0% in the future. In November, it was reported that Upbit had lost over 44.5 billion won due to a stolen hot wallet .
Upbit announced that it has increased the proportion of its crypto assets stored in cold wallets to nearly 99%.
PANews reported on December 10th that South Korean cryptocurrency exchange Upbit announced that as of the end of October 2025, Upbit's hot wallet custody rate was only 1.67%, while the cold wallet custody rate reached 98.33%. According to the Virtual Asset User Protection Act, cryptocurrency business operators must hold at least 80% of their customers' deposited digital assets in cold wallets. As part of strengthening the company's overall security system, Upbit has completed a re-examination and redesign of its wallet system and plans to further reduce the hot wallet percentage to around 0% in the future.
In November, it was reported that Upbit had lost over 44.5 billion won due to a stolen hot wallet .
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