South Korea-based cryptocurrency exchange Upbit faced more than 159,000 cyber attack attempts in the first half of 2023. This figure represents an increase of 117% compared to the same period in 2022 and a staggering 1800% increase compared to the first half of 2020. 📈
Upbit has increased its security measures as a precaution against security breach attempts. This includes increasing the proportion of funds stored in cold wallets to 70%. It has also implemented advanced security protocols for funds held in hot wallets. 🔒
However, Upbit was forced to discontinue its Aptos token services in late September. This happened due to the platform's failure to detect a fake token called "ClaimAPTGift.com" that had leaked into 400,000 Aptos wallets. 😕
As cryptocurrency attacks increase in South Korea, Seong-jung called on the government to take more decisive steps. He emphasized that the Ministry of Science and Technology should take action to examine the information security preparations of virtual asset exchanges and conduct cyber security tests. 🚨
Upbit has increased its security measures as a precaution against security breach attempts. This includes increasing the proportion of funds stored in cold wallets to 70%. It has also implemented advanced security protocols for funds held in hot wallets. 🔒
However, Upbit was forced to discontinue its Aptos token services in late September. This happened due to the platform's failure to detect a fake token called "ClaimAPTGift.com" that had leaked into 400,000 Aptos wallets. 😕
As cryptocurrency attacks increase in South Korea, Seong-jung called on the government to take more decisive steps. He emphasized that the Ministry of Science and Technology should take action to examine the information security preparations of virtual asset exchanges and conduct cyber security tests. 🚨