Hacking attempts on South Korea’s largest cryptocurrency exchange, Upbit, have surged to 159,061 in the first half of 2023, according to data submitted to the National Assembly. The figure represents a 2.17-fold increase compared to the same period last year. Lawmaker Park Sung-jung criticizes the ambiguous role of the Ministry of Science and Technology in regulating the exchange.
Surge in Hacking Attempts
Data submitted by Dunamu, the operator of Upbit, to the National Assembly’s Science, Technology, Information, Broadcasting, and Communications Committee revealed that hacking attempts on the exchange reached 159,061 in the first half of 2023. This marks a 2.17-fold increase from the 73,249 attempts recorded in the first half of 2022.
Escalating Concerns
The number of hacking attempts on Upbit has been on a steady rise. The figures for the second half of 2020, first half of 2021, second half of 2021, first half of 2022, and second…
