This Crypto Exchange Recorded 160,000 Hacking Attempts, What’s Going On?
Criminal attacks have increased on crypto entities since 2020; data from Chainalysis and other sources points to billions of dollars lost to bad actors. In 2023, the trend has continued, with attacks on the nascent industry increasing in the past few months. Related Reading: Secrets Unveiled As Caroline Ellison Prepares To Testify Against FTX’s Sam […]
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Reports from South Korea-based Yonhap News Agency have revealed that Upbit, one of the largest crypto exchanges in South Korea experienced over 159,000 hacking attempts in the first half of 2023 alone. Upbit’s Hacking Attempts According to the data from Upbit’s parent company Dunamu shared with the local news agency, the hacking attempts of the first half of 2023 indicate a 117% increase compared to the first half of 2022, and a 1,800% increase in hacking attempts compared to the second half of 2020. Related Reading: Crypto Analyst Presents Data To Prove That XRP Is....
As Bitcoin price strengthens, cryptocurrency users should start focusing on their wallet's safety to prevent themselves from becoming targets to hacking attempts. The Bitcoin community is elated following the recent rise in the digital currency’s price. Bitcoin, which was trading a bit over $750 a month ago surged past $900 yesterday. The higher the price of Bitcoin, more the people stand to lose in case of a security breach. In 2014, the world’s largest Bitcoin exchange at that time, Mt Gox collapsed. The failure of the cryptocurrency exchange was attributed to gross mismanagement and....
Various companies all over the world are looking to come up with new methods to prevent fraud from taking place in the financial industry. While plastic card payments are a major threat when it comes to fraud, there are other factors to take into consideration as well. Social engineering is playing an ever-increasing role of importance these days, and Pindrop wants to prevent companies from being scammed over the phone. Bitcoin users can benefit from these efforts as well. Pindrop Raises Another US$75m in Funding. Preventing individuals and companies from falling victim to fraud and....
DOGE leading in volume and search hits, VeChain’s blockchain solution on state run CGTN, and HOO launches a smart chain of its own This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Will DOGEmania ever stop?Dogecoin has officially flipped Bitcoin in a few categories here in China, with DOGE trading volume on leading Chinese exchange Huobi surpassing that of leading assets ETH and BTC. On May 6th, according to....
In a recent article about Hacking Team, we mentioned how this collective recently became the target of a hack themselves. More and more details regarding their activity is surfacing on a daily basis, and apparently selling exploits to Hacker Team can be done via email. Even though the person involved demanded a wire transfer payment for the entire sum, he could’ve used Bitcoin as well. Saying that the world of hacking and exploits if a lucrative business would be quite the understatement. A Russian hacker sold one of his zero-day vulnerabilities to Hacking Team a while ago for the sum of....