🔒 Upbit, South Korea's largest crypto exchange, faced a whopping 160,000 hacking attempts in H1 2021, according to parent company Dunamu. That's an average of 879 attacks per day and a 2.17x increase compared to H1 2020! 😲
Key takeaways:
- Upbit trades billions of dollars in tokens and Korean won pairs, making it a prime target for hackers.
- The exchange processed $2.5 billion in XRP trading volumes in a single day earlier this year.
- Dunamu did not specify the methods used in the attacks, but common tactics include email phishing and DDoS.
What do you think about the increasing number of hacking attempts on crypto exchanges? Share your thoughts in the comments! 💭