🚀 Upbit, a major South Korean #crypto exchange, faced a whopping 159k hacking attempts in H1 2023! 😱 That's a 117% rise compared to 2022 and a mind-blowing 1,800% increase from 2020! 📈

🔒 To combat this surge, Upbit:

- Increased cold wallet storage to 70% 🔐

- Enhanced security protocols for hot wallets 🔥

🚫 No breaches so far, but Upbit did suspend Aptos token services in Sept due to a counterfeit token infiltrating 400k wallets. 😬

🇰🇷 South Korea's seen a surge in crypto hacks, with CoinEx losing $70m and Huobi Global's HTX losing $7.9m in Sept alone. 😔

🗣️ What do you think should be done to improve security? Share your thoughts below! 👇 #DeFi #Web3