Upbit Crypto Exchange Targeted by Hackers Over 159,000 Times in H1 2023
Hackers Target Upbit Crypto Exchange
The South Korean cryptocurrency exchange, Upbit, has been targeted by hackers over 159,000 times in the first half of 2023, according to its parent company, Dunamu.
Increasing Number of Attacks
In a report released on October 9th, South Korean news agency Yonhap revealed that these numbers were reported by Dunamu to South Korean representative Park Young-jung of the People Power Party.
The report shows a 117% increase compared to the first half of 2022 and a staggering 1800% increase compared to the first half of 2020.
Protecting User Funds
Upbit has been actively working to enhance its security measures to safeguard user funds from cyber threats. The exchange has implemented various security protocols and measures to combat hacking attempts.
While the number of attacks is concerning, Upbit remains committed to ensuring the safety and security of its users’ assets.
Continuous Improvement
Upbit’s parent company, Dunamu, is dedicated to continuously improving its security infrastructure to stay ahead of evolving cyber threats. The company is investing in advanced technologies and collaborating with cybersecurity experts to strengthen its defenses.
Looking Ahead
As the cryptocurrency market continues to grow, exchanges like Upbit play a crucial role in facilitating the trading of digital assets. It is essential for users to remain vigilant and follow best practices when it comes to securing their accounts and assets.
By staying informed about the latest security measures and being cautious of phishing attempts, users can help protect themselves and contribute to a safer crypto trading environment.
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