Crypto exchange Upbit was targeted by hackers 159K times in H1: Report

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Crypto exchange Upbit was targeted by hackers 159K times in H1: Report
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South Korea-based cryptocurrency exchange Upbit says over 159,000 hack attempts were made on its network in H1 2023 — up 117% from H1 2022. The firm now upped the proportion of funds it holds in cold wallets to 70% to strengthen security.

The figure is more than double recorded in the first half of 2022 and a massive 1800% increase from the same period in 2020, according to the operating firm.South Korean cryptocurrency exchange Upbit has been targeted by hackers on more than 159,000 occasions in the first half of 2023, according to its operating firm.The figure marks a 117% increase from the first half of 2022 and a whopping 1800% increase from the first half of 2020.

To counter the rise in security breach attempts, Dunamu said Upbit increased the proportion of funds it holds in cold wallets to 70% to strengthen security. Upbit also upped its security measures for funds held in hot wallets.

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