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Home » Blog » Hackers stole about $ 100 million from cryptocurrency exchanges in South Korea
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Hackers stole about $ 100 million from cryptocurrency exchanges in South Korea

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Last updated: 06/09/2021 4:08 AM
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7 years ago
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Hackers stole about $ 100 million from cryptocurrency exchanges in South Korea
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The South Korean National Police Agency has published disappointing statistics on hacking and hacker attacks on cryptocurrency exchanges. 

According to the agency, in just three years, as many as 7 trading platforms and 158 e-wallets were hacked. Only six cases from all incidents ended with the arrest of suspects.

Statistics says that from 2015 to 2018, hackers managed to steal $ 99 million. It is noteworthy that from year to year the number of cybercrime is growing. So in 2016, attackers seized assets in the amount of $ 265282, in 2017 already $ 35.8 million, and in 2018 all $ 63 million.

A year ago, such exchanges as Youbit, Yapizon, Coinis and Bithumb were subjected to hacker attacks. In this case, the attackers stopped the operation of the Coinrail cryptocurrency platform, and Bithumb was re-cracked.

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Regulators in South Korea, concerned about this state of affairs, conducted several audits and revealed multiple disruptions in the operation of platforms for the turnover of virtual assets.

 Unfortunately, even proven exchanges that have eliminated all the shortcomings are not insured against hacking.  

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