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The recent cyberattack on Upbit, one of the most prominent exchange platforms, has generated concern throughout the crypto community. Just after the announcement of a multi-billion dollar deal worth US$10 billion, this incident demonstrates that security in the sector still needs strengthening. Investor confidence is key to market growth and stability, and events like these can quickly undermine that confidence. It is crucial that platforms reinforce their security measures and be transparent in their actions to regain lost credibility. Innovation in cryptocurrencies brings great benefits, but it also requires taking security seriously to avoid losses and reputational damage
