🚀🔥 Upbit, a major South Korean crypto exchange, faced a whopping 159,000 hacking attempts in H1 2023, a 117% rise from H1 2022, and an eye-popping 1,800% increase from H1 2020! 😱💥

💪 To combat this surge, Upbit's operator, Dunamu, has strengthened security measures, including raising cold wallet storage to 70% and boosting hot wallet security protocols. 🛡️🔐

🔙 Upbit suffered a $50 million exploit in 2019, but since implementing new measures, no cyber breaches have occurred. However, the exchange did face a setback in September, suspending Aptos token services due to a counterfeit token infiltrating 400,000 wallets. 😬🚧

🇰🇷🔍 Seong-jung, a South Korean official, has urged the government to take more decisive action against the rising number of crypto hacks, calling for extensive cybersecurity tests and clearer oversight from the Ministry of Science and ICT. 📢🔧

🌏💸 Other exchanges have also fallen victim to hacks, with Hong Kong-based CoinEx losing $70 million and Huobi Global's HTX exchange losing $7.9 million in September. 😔💸