Between 2020 and April 2026, South Korea’s five major cryptocurrency exchanges experienced 57 hacking and system incidents, resulting in cumulative payouts of approximately 7 billion KRW (about $5.1 million). Among these, Bithumb paid approximately 2.5 billion KRW due to a Bitcoin misissuance event in February 2026, while Upbit paid about 790 million KRW following a hacking incident in November 2025. According to disclosed data, Upbit recorded 26 incidents, Bithumb 14, Gopax 8, Coinone 6, and Korbit 3. The report noted that the reporting standards and compensation methods vary across exchanges.
South Korea’s Top 5 Exchanges Pay $5.1M in Compensation for 57 Hacks and System Incidents (2020–2026)
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Summary
Top altcoin news from South Korea reveals that its five largest exchanges paid approximately 70 billion KRW ($5.1 million) in compensation for 57 hacking and system incidents between 2020 and April 2026. Bithumb paid 25 billion KRW in February 2026 for a Bitcoin misissuance, while Upbit compensated 7.9 billion KRW in November 2025 following a hack. Upbit reported 26 incidents, Bithumb 14, Gopax 8, Coinone 6, and Korbit 3. The report noted that exchanges differ in how they track and manage compensation.
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