Upbit, a South Korean cryptocurrency exchange, faced over 159,000 hacking attempts during the first half of 2023. This figure represents a significant surge, with a 117% rise compared to the same period in 2022. Upbit is one of South Korea’s largest cryptocurrency exchanges, boasting an impressive 24-hour trading volume of approximately $1.2 billion. Other significant South Korean exchange market players include Bithumb, Coinone, and Gopax. In response to the surge in security breach attempts, Upbit has bolstered its security measures.
Source: Wayne Jones, 2023-10-10; https://cryptopotato.com/upbit-saw-a-117-rise-in-hacking-attempts-in-h1-2023/