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$3,875.66 0.70957
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$601.93 0.218
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$169.83 2.60016
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$0.0000390 12.24628
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$69,208.00 0.69201
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Ethereum
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$3,875.66 0.70957
Ethereum price
BNB
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$601.93 0.218
BNB price
Solana
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$169.83 2.60016
Solana price
XRP
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$0.5323320 0.55978
XRP price
Shiba Inu
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$0.0000252 3.07579
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Pepe
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$0.0000170 2.49252
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Bonk
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$0.0000390 12.24628
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Bitcoin
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$69,208.00 0.69201
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Ethereum
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$3,875.66 0.70957
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BNB
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$601.93 0.218
BNB price
Solana
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$169.83 2.60016
Solana price
XRP
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$0.5323320 0.55978
XRP price
Shiba Inu
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$0.0000252 3.07579
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000170 2.49252
Pepe price
Bonk
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$0.0000390 12.24628
Bonk price
Bitcoin
Bitcoin (BTC)
$69,208.00 0.69201
Bitcoin price
Ethereum
Ethereum (ETH)
$3,875.66 0.70957
Ethereum price
BNB
BNB (BNB)
$601.93 0.218
BNB price
Solana
Solana (SOL)
$169.83 2.60016
Solana price
XRP
XRP (XRP)
$0.5323320 0.55978
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000252 3.07579
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000170 2.49252
Pepe price
Bonk
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$0.0000390 12.24628
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SirWin
SirWin
SirWin

Upbit exchange hacking attacks doubled in 2023

upbit-exchange-hacking-attacks-doubled-in-2023
Edited by
News
Upbit exchange hacking attacks doubled in 2023

South Korea’s largest exchange, Upbit, suffered 159,061 attacks during the first half of 2023.

According to the local media Yonhap, it is nearly 2.17 times more than in 2022.

To fight back against the increasing trends of hacking attacks, the company increased the portion of funds it held in cold wallets by 70%. It also grew the security levels for its hot wallet funds.

Upbit is currently one of the leading cryptocurrency exchanges in South Korea. The company has a trading volume of nearly $1.2 billion.

Due to Binance regulatory issues, the company increased its market share by 5.5%. Upbit is gaining traction and attracting users in the competitive cryptocurrency exchange landscape.

In 2019, the exchange experienced a significant hack, losing $51 million worth of Ethereum (ETH). Despite this setback, Upbit resumed its normal operations after a two-month hiatus, demonstrating its resilience and commitment to providing a secure platform for users.

In addition to its activities in the crypto space, Upbit has expanded its brand presence through sports sponsorship. The exchange partnered with Napoli, a football club in Italy’s Serie A and Coppa Italia competitions. This move showcases Upbit’s willingness to explore new avenues for brand promotion and reach a wider audience.