š Upbit, a major South Korean #crypto exchange, faced a whopping 159k hacking attempts in H1 2023! š± That's a 117% rise compared to 2022 and a mind-blowing 1,800% increase from 2020! š
š To combat this surge, Upbit:
- Increased cold wallet storage to 70% š
- Enhanced security protocols for hot wallets š„
š« No breaches so far, but Upbit did suspend Aptos token services in Sept due to a counterfeit token infiltrating 400k wallets. š¬
š°š· South Korea's seen a surge in crypto hacks, with CoinEx losing $70m and Huobi Global's HTX losing $7.9m in Sept alone. š
š£ļø What do you think should be done to improve security? Share your thoughts below! š #DeFi #Web3