😰 Two thirds of Korean crypto exchanges fail government security check

Only a third of recently inspected Korean cryptocurrency exchanges received a full pass. The Ministry of Science and ICT, the Korea Internet & Security Agency, and the Ministry of Economy and Finance examined 85 different security aspects across 21 exchanges in the country. Only seven, Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco, and Huobi Korea, received a full pass while the remaining 14 exchanges were deemed “vulnerable to hacking attacks at all times because of poor security," according to the Ministry of Economy and Finance.