Upbit, one of South Korea’s leading exchanges, has been attempted to be hacked more than 150 thousand times in the last few months.
According to the data announced by Dunamu, the company to which Upbit is affiliated, the stock market will be launched in the first half of 2023. 159,000 hacking attempts happened.
According to the data shared by the company with the government, this number will increase in the first half of 2022. 2; In the first half of 2020 It was 18 floors below.
Upbit, one of South Korea’s largest cryptocurrency exchanges, has a transaction volume of approximately $1.2 billion. Bithumb, Coinone, Gopax are also among the leading names.
Upbit administrators to take precautions against hacking attacks to cold wallets headed. Funds in the stock market More than 70% in cold wallets is being kept.
Cold wallets, where private keys are kept offline, are more secure than hot wallets, where keys are kept online.
Upbit suffered a massive $50 million attack in 2019. A Dunamu official made the following statement on the subject:
After the hacking incident in 2019, we took precautions to prevent this incident from recurring, for example, we distributed our hot wallets, and no cyber attack attempts have been successful since then.