South Korean cryptocurrency exchanges experienced a staggering 1.15 million hacking attempts by November 2024, according to the Financial Supervisory Service. Major platforms such as Upbit, Bithumb, Korbit, and Gopax reported more than double the number of attacks compared to the previous year, highlighting escalating security challenges in the crypto sector. The surge in hacking attempts underscores the increasing risks faced by digital asset platforms. As cyber threats continue to rise, industry experts emphasize the urgent need for exchanges to bolster their security measures to protect against potential breaches.