PANews, June 7: According to Yonhap News, South Korea’s five major virtual asset exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—experienced a total of 57 cybersecurity incidents and system failures over the past six years (from 2020 to April 2026), with total compensation amounts reaching approximately 7 billion KRW (about $5.1 million USD). By exchange, the number of incidents were: Upbit (26), Bithumb (14), Gopax (8), Coinone (6), and Korbit (3).
South Korea's Top 5 Crypto Platforms Report 57 Hacks and System Failures in 6 Years
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Summary
Top altcoin news from South Korea reveals that five major crypto platforms—Upbit, Bithumb, Coinone, Korbit, and Gopax—reported 57 hacking incidents and system failures between 2020 and April 2026, with total compensation reaching approximately 700 million KRW ($5.1 million). Upbit led with 26 incidents, followed by Bithumb with 14, Gopax with 8, Coinone with 6, and Korbit with 3. Crypto news underscores ongoing security challenges in the sector.
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