Upbit to Raise Cold Wallet Ratio to 99% Amid Liquidity Concerns

South Korea’s largest cryptocurrency exchange, Upbit, announced plans to increase its cold wallet storage ratio to 99%, following a major security breach last month. The announcement comes as part of a comprehensive security overhaul following hackers’ theft of approximately 44. 5 billion won ($31 million) in Solana-based assets on November 27. Upbit Strengthens Security After Second November 27 Breach According to operator Dunamu, Upbit currently maintains 98 source: https://beincrypto.com/upbit-cold-wallet-99-percent/