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South Korean Crypto Exchanges Face Record 1.15 Million Hacking Attempts in 2024

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South Korean crypto market exchanges faced 1.15 million hacking attempts by November 2024, per the Financial Supervisory Service. Upbit, Bithumb, Korbit, and Gopax reported over double the attacks compared to 2023. The rise in threats shows growing risks in the crypto market. Crypto analysis suggests platforms must strengthen defenses as attacks continue to climb.
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