In line with a recent news ‘published‘ by ZDNet, some of South Korea’s major crypto exchanges have passed government’s security audit, while a majority of them might be still exposed to attacks in mere future.
Bithumb, Coinone along with Korbit, additionally to four other big exchanges pleased investigators throughout the audit, that took place last year between Sept. and Dec.
Out of the tranche of twenty one platforms concerned, however, the remaining fourteen didn’t meet the standards for appropriate ‘security procedures‘.
South Korea antecedently had one among the world’s most active crypto commerce economies before regulative upheaval saw consumer habits dramatically changing in late 2017.
In the provison, attackers have regularly targeted South Korean operators so as to steal funds from users, with even formally secure ones including Bithumb reporting breaches last year valued several of millions of dollars.
The latest audit by lawmakers checked eighty five different aspects of security, and found that of those who didn’t pass, an avg. of around fifty one aspects needed attention, ZDNet reported.
Last month, a court acquitted Bithumb in an exceedingly case brought by one capitalist who claimed he lost funds valued around $355,000 USD in a hack due to the platform poor security breaches.
While no mention of shutdowns due to the poor performance that has surfaced, Seoul has been additionally strict on several aspects related to the crypto trade, with ICOs [initial coin offerings] still facing a full ban beneath its jurisdiction.