๐ Upbit, a major South Korean #crypto exchange, faced a whopping 159k hacking attempts in H1 2023! ๐ฑ That's a 117% rise compared to 2022 and a mind-blowing 1,800% increase from 2020! ๐
๐ To combat this surge, Upbit:
- Increased cold wallet storage to 70% ๐
- Enhanced security protocols for hot wallets ๐ฅ
๐ซ No breaches so far, but Upbit did suspend Aptos token services in Sept due to a counterfeit token infiltrating 400k wallets. ๐ฌ
๐ฐ๐ท South Korea's seen a surge in crypto hacks, with CoinEx losing $70m and Huobi Global's HTX losing $7.9m in Sept alone. ๐
๐ฃ๏ธ What do you think should be done to improve security? Share your thoughts below! ๐ #DeFi #Web3