South Korean Exchanges Recognized for Anti-Phishing Initiatives

• •Bithumb prevented $580,000 in phishing losses through real-time monitoring.
• •Coinone protected 68 million won ($49,000) from phishing attempts over 50 days.
• •Both exchanges are enhancing security measures and collaborating with police.

Bithumb and Coinone, two major South Korean cryptocurrency exchanges, received citations from the National Police Agency for their proactive measures against phishing crimes. Bithumb's system helped prevent $580,000 in losses by flagging suspicious transactions and notifying the police in real time. Coinone's user protection team safeguarded 68 million won ($49,000) from phishing attempts through monitoring and swift action. Both exchanges are enhancing their security systems and collaborating with law enforcement to improve user protection and prevent future incidents. The recognition highlights the importance of cooperation between cryptocurrency platforms and authorities in combating cybercrime.