According to Upbit’s operating firm, Upbit, a South Korean cryptocurrency exchange, has been targeted by hackers on more than 159,000 occasions in the first half of 2023, stated Cointelegraph.
With insights from a report by the South Korea-based Yonhap News Agency made October 9 2023, Dunamu, the firm that owns and operates Upbit to South Korean Representative Park Seong-Jung of the People Power Party, had mentioned the figures.
The report is expected to show a 117% increase from the first half of 2022 and a 1,800% increase from the first half of 2020, Cointelegraph added.
“After the hacking incident in 2019, we took various measures to prevent a recurrence, such as distributing hot wallets and operating them, and to date, not a single cyber breach has occurred,” Cointelegraph concluded.
(With insights from Cointelegraph)
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