South Korea's top five cryptocurrency exchanges have accumulated approximately $190 million in total liability reserves.
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最新报道：According to MTN News, on July 30, one year after the implementation of South Korea's Virtual Asset User Protection Act, the country's five largest cryptocurrency exchanges had accumulated liability reserves exceeding 260 billion won. According to data released the same day by Democratic Party Rep. Heo Young, Upbit, Bithumb, Coinone, Korbit, and Gopax had accumulated a total liability reserve of 263.30381 billion won (approximately $190 million) as of the end of June this year. Bithumb had accumulated reserves of 150.1 billion won (approximately $108 million), of which 90.6% of its custodial assets were held in cold wallets. Upbit had accumulated reserves of 64.2 billion won (approximately $46.44 million), with a cold wallet custody ratio of 98.3%. Coinone and Korbit have accumulated 30.0 billion won (approximately $21.70 million) and 16.0 billion won (approximately $11.57 million), respectively. Meanwhile, Gopax has replaced its reserve clause with liability insurance.
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