๐Ÿš€ Upbit, a major South Korean #crypto exchange, faced a whopping 159k hacking attempts in H1 2023! ๐Ÿ˜ฑ That's a 117% rise compared to 2022 and a mind-blowing 1,800% increase from 2020! ๐Ÿ“ˆ

๐Ÿ”’ To combat this surge, Upbit:

- Increased cold wallet storage to 70% ๐Ÿ”

- Enhanced security protocols for hot wallets ๐Ÿ”ฅ

๐Ÿšซ No breaches so far, but Upbit did suspend Aptos token services in Sept due to a counterfeit token infiltrating 400k wallets. ๐Ÿ˜ฌ

๐Ÿ‡ฐ๐Ÿ‡ท South Korea's seen a surge in crypto hacks, with CoinEx losing $70m and Huobi Global's HTX losing $7.9m in Sept alone. ๐Ÿ˜”

๐Ÿ—ฃ๏ธ What do you think should be done to improve security? Share your thoughts below! ๐Ÿ‘‡ #DeFi #Web3