Upbit trade hacking assaults doubled in 2023

Crypto.information – South Korea’s largest trade, Upbit, suffered 159,061 assaults throughout the first half of 2023.

In response to the native media Yonhap, it’s almost 2.17 occasions greater than in 2022.

To battle again towards the rising developments of hacking assaults, the corporate elevated the portion of funds it held in chilly wallets by 70%. It additionally grew the safety ranges for its sizzling pockets funds.

Upbit is at the moment one of many main cryptocurrency exchanges in South Korea. The corporate has a buying and selling quantity of almost $1.2 billion.

Because of Binance regulatory points, the corporate elevated its market share by 5.5%. Upbit is gaining traction and attracting customers within the aggressive cryptocurrency trade panorama.

In 2019, the trade skilled a big hack, shedding $51 million price of (ETH). Regardless of this setback, Upbit resumed its regular operations after a two-month hiatus, demonstrating its resilience and dedication to offering a safe platform for customers.

Along with its actions within the crypto area, Upbit has expanded its model presence by way of sports activities sponsorship. The trade partnered with Napoli, a soccer membership in Italy’s Serie A and Coppa Italia competitions. This transfer showcases Upbit’s willingness to discover new avenues for model promotion and attain a wider viewers.

This text was initially revealed on Crypto.information