Published on July 10th, 2018 | by bitcoin0
The Korean gov criticized for crypto exchange hacks, upbit denies hack rumor
The South Korean government has been criticized for not doing enough to help prevent hacking at cryptocurrency exchanges.
Data obtained by the regulators show that three crypto exchanges were hacked, with damage of almost $1 billion, after having gone through an inspection by the government.
Meanwhile, one of the nation’s largest crypto exchanges, Upbit, has denied the rumor that it was also hacked.
“The government has been criticized for not being able to take effective measures against the exchange security problem.”
The first of the three is Youbit.
Lawmaker Min criticized the government, pointing out:
The hacking incidents occurred even at the places where the government directly conducted security checks.