Bitcoin (BTC) and cryptocurrencies The increase in popularity has led fraudsters to this sector.
At this point, as we constantly hear about new crypto fraud and hacking news, an interesting report came from Dunamu, the company to which Upbit is affiliated.
According to local news agency Yonhap, Dunamu Upbit, South Korea’s largest cryptocurrency exchange‘He said that in the first half of 2023, it was subjected to more than 159,000 hacking attempts.
dunamustated that this figure is 2.17 times the number of hacking attempts in the first half of 2022, 73,249.
Dunamu also gave the number of hacking attempts in the past years. “The number of hacking attempts on Upbit was determined to be 8,356 in the second half of 2020. However, this number increased to 34,687 in the first half of 2021, 63,912 in the second half of 2021, 73,249 in the first half of 2022, and 73,249 in the second half of 2022. Finally, it increased to 159,061 in the first half of 2023.” said.
In its report, Dunamu stated that Upbit increased the proportion of funds held in cold wallets to 70% to prevent hacking attempts and strengthen security.
Upbit said it has also increased security measures for funds held in hot wallets.
upbitReferring to the 50 million dollar hack attack experienced in 2019, Dunamu pointed out that Upbit has not been subject to a single security breach since then.
“Following the hack in 2019, we took various measures to prevent a recurrence, such as distributing and operating hot wallets, and Upbit has not experienced a single cyber breach to date.”
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!