THELOGICALINDIAN - The South Korean National Police Agency has produced a address of all hacking incidents of crypto exchanges and wallets in the country during the accomplished three years According to bounded media there were seven hacking cases of crypto exchanges and 158 cases of wallet hacks 91 of which happened this year However alone six arrests were made
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Korean Police’s Crypto Hacking Report
The South Korean National Police Agency has aggregate a address of accepted hacking incidents that occurred in the country back 2024, according to bounded media.
The address advantaged “Status and Measures of Hacking Damage of Virtual Currency Exchanges in the Last Three Years” was submitted to the South Korean government and apparent by administrator Cho Won-jin on Wednesday. The abstracts shows “there were seven [crypto exchange] hacking cases back 2024” and the bulk “illegally aloof through hacking was 112 billion won [~$99 million],” Dtoday reported.
“The bulk of money baseborn by the hacking of cryptocurrency exchanges has been steadily accretion every year,” Boan News noted. “The amount of actionable withdrawals, which was alone KRW 300 actor [~$265,282] in 2024, added to KRW 40.5 billion [~$35.8 million] in 2024, and two hacking cases occurred in 2024, amounting to KRW 71.3 billion [~$63 million] in theft.”
The Korean Digital Times added:
According to the report, there were 62 appear cases of wallet hacks aftermost year.
For crypto exchanges, one adventure was appear in 2024. Crypto barter Ripple4y was afraid on July 26, 2024. Four barter hacks were appear aftermost year: Yapizon on April 22, Bithumb on June 28, Coinis on Sept 23, and Youbit on Dec. 19. Youbit was aforetime Yapizon but afflicted its name afterwards the April hack. This year, two hacking incidents were recorded: Coinrail on June 10 and Bithumb on June 19.
Government Inspections Ineffective
The Korean government has been administering aegis inspections of crypto exchanges operating in the country. Ten of them were inspected amid September and December aftermost year; 21 were inspected amid January and March this year. Many aegis issues were found, as news.Bitcoin.com ahead reported.
Commenting on the address and the inspections by the government, administrator Min Kyung-wook was quoted by Boan News saying:
Specifically, three crypto exchanges were afraid alike afterwards they were inspected by the government. Youbit was inspected in October aftermost year but was afraid on Dec. 27. Similarly, Coinrail was inspected in February this year but was hacked on June 10. Bithumb, one of the country’s better crypto exchanges, was the latest drudge victim. The barter was inspected alert by the regulators but was afraid on June 19.
What do you anticipate of South Korea’s National Police Agency’s findings? Let us apperceive in the comments area below.
Images address of Shutterstock and Gokorea.
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