Upbit Deflected 879 Hacking Attempts per Day in First Half of the Year
The exchange is immensely popular in the country and is known for attracting speculative rallies.
Hackers attempted to infiltrate Upbit, South Korea’s largest exchange by trading volumes, nearly 160,000 times in the first half of this year, parent firm Dunamu said in a regulatory filing as reported by local outlet YNA.
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That’s about 879 on average each day. Hackers may have employed a variety of common methods for the attacks, such as email phishing or DDoS, although Dunamu did not mention specifics in the filing.
Tech Related
Crypto Firm Turns to Estonian Authorities After $37 Million Hack
CoinsPaid, the world’s biggest crypto payments provider, reported a $37 million hack it’s attributed to North Korea’s Lazarus Group to Estonian police.?
North Korean hackers have abandoned Tornado Cash for Bitcoin Mixers: TRM Labs
North Korean hackers have increasingly favored Bitcoin (BTC) mixers over Tornado Cash (TORN) since U.S. authorities imposed sanctions on the cryptocurrency mixer, according to blockchain analytical firm TRM Labs.
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Scammers Rug Pull 20 Projects Under 1hr of Launch, Siphoning $150k
A crypto researcher dubbed Rock took to the XRP platform to spotlight some staggering statistics about rug pull scams rocking the crypto sphere.
According to Rock, 20 rug pulls have occurred in under eight days, showcasing the alarming prevalence of fraudulent activities in the crypto market.?
Educational
What is a Crypto Bridge?
A blockchain bridge is a protocol that allows the exchange of assets, digital or physical, from one blockchain to another. By establishing a connection between the two blockchains, bridges enable the possibility of cross-chain transactions.
Blockchain bridges enable interoperability, an essential attribute of the internet.
A Guide to Anti-Money Laundering (AML)
Money laundering is the act of concealing the origin of illegally obtained funds through a series of transactions. It is a process in which illegal money is transformed into clean funds, and in which the existence of its source may be hidden from authorities.