Upbit, South Korea's leading cryptocurrency exchange, managed to fight off an astonishing 160,000 hacking attempts during the initial six months of this year, according to a recent regulatory filing reported by local news outlet YNA.

On average, this equates to an astounding 879 hacking attempts daily. Although the filing did not delve into specific methods employed by hackers, common tactics such as email phishing and Distributed Denial-of-Service (DDoS) attacks are presumed to have been used.

The numbers shared for 2023 stand at 2.17 times the number of hacking attempts recorded in the first half of the 2022. In contrast, the exchange experienced just over 73,200 cases in the same period last year, emphasizing the escalating frequency and sophistication of hacking attempts.

Although Upbit might not be a household name beyond South Korea, it plays a pivotal role in the cryptocurrency market. The exchange facilitates trades worth billions of dollars, offering a diverse range of token options and trading pairs.

Earlier this year, Upbit made headlines when it processed an impressive $2.5 billion in XRP trading volumes within a 24-hour timeframe. Consequently, XRP tokens traded on Upbit commanded a premium of up to 10% compared to the global XRP markets at that time.

Upbit's ability to defend off such a staggering number of hacking attempts underscores the importance of robust cybersecurity measures in the ever-evolving landscape of digital assets.