Only one third of Korean crypto exchanges pass government security check

posted 12 days ago
Only a third of cryptocurrency exchanges inspected got a full pass in a recent government security audit. The Ministry of Science and ICT, the Korea Internet & Security Agency and the Ministry of Economy and Finance inspected a total of 21 crypto exchanges from September to December 2018, examining 85 different security aspects.

Notably, only 7 of them – Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco, and Huobi Korea – cleared all the tests. The remaining 14 exchanges are “vulnerable to hacking attacks at all times because of poor security.” The agencies put down the security failures to “insufficient establishment and management of security system such as basic PC and network security.”
Tags: bitcoin, news