[South Korea's Five Major Exchanges Paid Approximately $5.1 Million Over Six Years]
South Korea's five major cryptocurrency exchanges experienced 57 hacking and system incidents between 2020 and April 2026, resulting in total compensation of approximately 7 billion Korean won (around $5.1 million). Among these, Bithumb paid approximately 2.5 billion Korean won due to a Bitcoin mistransfer incident in February 2026, while Upbit compensated approximately 790 million Korean won for a hacking incident in November 2025. According to disclosed data, Upbit reported 26 incidents, Bithumb 14, Gopax 8, Coinone 6, and Korbit 3. The report noted that the criteria for incident statistics and compensation methods vary across exchanges.