• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Japan's FSA Plans Bitcoin Custody for Banks

    Japan’s FSA Plans Bitcoin Custody for Banks

    Japan's FSA Considers Allowing Banks to Hold Bitcoin

    Japan’s FSA Considers Allowing Banks to Hold Bitcoin

    Bitcoin's Role in Corporate Strategy: Insights from Michael Saylor

    Michael Saylor Reaffirms Bitcoin Strategy Amid Market Changes

    BlackRock Clients Reportedly Sell $268.6M in Bitcoin

    BlackRock Clients Reportedly Sell $268.6M in Bitcoin

    BlackRock Clients Offload $268M in Bitcoin Assets

    BlackRock Clients Offload $268M in Bitcoin Assets

    BlackRock Bitcoin Sale Rumors: The Unfolding Story

    BlackRock Denies $268.6M Bitcoin Sale Claims

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    OpenSea Announces SEA Token Launch for Q1 2026

    OpenSea Announces SEA Token Launch for Q1 2026

    Solana Price Drops Amid Derivatives Market Slowdown

    Solana Price Drops Amid Derivatives Market Slowdown

    Solana Faces Bearish Pressure Amid Derivatives Slowdown

    Solana Faces Bearish Pressure Amid Derivatives Slowdown

    Jupiter DEX Launches Ultra V3 with Advanced Features

    Jupiter DEX Unveils Ultra V3 with Iris Router

    Ripple Executes $500M XRP Transfer for Treasury Strategy

    Ripple Executes $500M XRP Transfer for Treasury Strategy

    Ripple Executes $500M XRP Transfer for Treasury Initiative

    Ripple Executes $500M XRP Transfer for Treasury Initiative

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

South Korea Authorities Gives Report of Hacks So Far

Joshua T. by Joshua T.
October 9, 2018
in Finance & Blockchain, Latest News
Aone filed against Cashierest

Source: en.wikipedia.org

In recent time the South Korean cryptocurrency scene has been in the news for the negative reason. Crypto hacking in the region has become rampant with several millions of dollar worth of crypto lost to this hack.

The South Korean government has released a report documenting all these hacks.

Seven Exchange Hacked Since 2016

Since the begin of 2016, seven large crypto trading and exchange platforms have been hacked in South Korea. The police have provided a report in retrospect. The report provided by the police states that in these seven hacks, about $99 million (112 billion won) has been illegal withdrawn and stolen from the platforms. $265,282 (300 million won), worth of crypto was stolen in the year 2016 while 2017 saw about $35.8 million (40.5 billion won) stolen from the platforms involved. This year crypto trading platform in the country has lost about $63 million (71.3 billion won) to hackers.

Wallet Hack

Wallet hacking is also a common occurrence during this period. The cybercrime unit of the police department of South Korea has recorded about 158 cases on this alone, since 2016.
2018 had the highest number of wallet hacking within the region. So far in 2018, the police have recorded about (91 crypto wallets) getting hacked. Of this 158 cases, only six of the culprits has been identified.

Some Got Hacked Twice

There has also been reporting of exchanges getting hacked twice. Youbit a popular exchange was hacked earlier on when it was named, “Yapizon”. The hack attempt on Yapizon, made them change the exchange name to Youbit. Eventually, the exchange still got hacked again, and about 17% of its asset was stolen. Youbit eventually had to file for bankruptcy. Other notable exchange hacks in the country includes: Bithumb Coinrail, Coinis, and Ripple4y.

Right now the South Korea authorities are looking to have cryptocurrency exchange user protected through the use of insurance. Since funds on the platform are insured, it becomes easy to get refunded by this insurance companies.

Tags: conrailhackhackingsouthkoreayoubit
Previous Post

Petition to Make Ripple (XRP) the Official Crypto of 2020 Olympics Gains Momentum

Next Post

CryptoControl Review – Cryptocurrency and ICO News Aggregator

Joshua T.

Joshua T.

Related Posts

Emirates NBD Acquires 60% Stake in RBL Bank

Emirates NBD Acquires 60% Stake in RBL Bank

by Solomon M.
October 19, 2025

Dubai's Emirates NBD purchases a 60% stake in India's RBL Bank for $3 billion, marking India's largest banking FDI.

Emirates NBD Acquires 60% Stake in RBL Bank for $3.05 Billion

Emirates NBD Acquires 60% Stake in India’s RBL Bank

by Solomon M.
October 19, 2025

Emirates NBD buys a 60% stake in RBL Bank for $3.05 billion, a landmark deal in India.

Barron Trump's Crypto Success and World Liberty Financial's Market Impact

Barron Trump Boosts Net Worth via Crypto Venture

by Solomon M.
October 19, 2025

Barron Trump, 19, co-founds World Liberty Financial, amassing $150 million net worth from crypto.

Barron Trump Leads $150M Crypto Venture at Age 19

Barron Trump Leads $150M Crypto Venture at Age 19

by Adriana M.
October 19, 2025

Barron Trump spearheads World Liberty Financial, amassing $150M net worth at 19.

Barron Trump Gains $150M Crypto Wealth at 19

Barron Trump Gains $150M Crypto Wealth at 19

by Solomon M.
October 19, 2025

Barron Trump, at 19, holds $150M from crypto, co-founding WLFI; major market impact.

HMRC Sends 65,000 Notices to Potential Crypto Tax Evaders

HMRC Sends 65,000 Notices to Potential Crypto Tax Evaders

by Solomon M.
October 19, 2025

UK's HMRC issues 65,000 notices targeting crypto tax evaders, signaling intense scrutiny in cryptocurrency compliance.

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.