Bitcoin News - CryptoNewOne News

Korea-based exchange GDAC suspends withdrawals, deposits after $13M hack

Korea-based crypto exchange GDAC was hacked for roughly $13 million worth of digital assets during the early hours of April 9.

According to an April 10 statement, the exchange said the stolen assets accounted for 23% of the total assets it managed.

The exchange said the stolen assets included nearly 61 Bitcoin (BTC), 350.5 Ethereum (ETH), 10 million WEMIX, and 220,000 USDT.

GDAC stolen asset
Source: GDAC

Due to this incident, the exchange has temporarily suspended deposits and withdrawal services, adding that it would perform emergency server maintenance.

GDAC said it had informed the authorities, including the Korean police and the Korea Internet & Security Agency (KISA), about the hack and has requested a cyber investigation.

“We ask those in charge of exchanges handling virtual assets to immediately block the deposit from the address where the withdrawal occurred, as stated in the official notice.”

GDAC further urged other exchanges, DeFi platforms, etc., to help it freeze the stolen funds if sent to their platforms.

Meanwhile, the hacked exchange said it was unsure when its services would be resumed as investigations are underway.

According to CEO Seunghwan Han, the exchange is doing its “best by collaborating with various organizations” to track the stolen funds.

Crypto exploits in 2023

Crypto hacks have begun to pick up after a quiet start to the year. In March, blockchain security firm Peckshield reported that  26 crypto projects were hacked for $211 million.

According to Peckshield, Euler Finance’s (EUL) March 13 hack was responsible for over 90% of the losses. However, the hacker has since returned all of the stolen.

Meanwhile, DeFillama data shows that malicious players have stolen $1.57 million from two crypto projects in April — Sentiment lost $1 million while Allbridge was hacked for $570,000.

The post Korea-based exchange GDAC suspends withdrawals, deposits after $13M hack appeared first on CryptoSlate.

Source link

8 Comments on “Korea-based exchange GDAC suspends withdrawals, deposits after $13M hack

  1. Luar biasa blog ini! ???? Saya sangat menyukai bagaimana penulisannya memberikan pemahaman mendalam dalam topik yang dibahas. ???? Artikelnya menyenangkan dan informatif sekaligus. ???? Tiap artikel membuat saya semakin penasaran untuk melihat artikel lainnya. Teruskan pekerjaan hebatnya

  2. Impressive work! The article is both informative and well-articulated. Have you considered adding more visuals in your future articles? It could enhance the overall reader experience.

  3. Kudos on the article! ???? The insights provided are valuable, and I think incorporating more images in your future articles could make them even more engaging. Have you considered that? ????

  4. This article is incredible! The way it describes things is genuinely compelling and exceptionally effortless to follow. It’s evident that a lot of dedication and study went into this, which is truly impressive. The author has managed to make the subject not only interesting but also enjoyable to read. I’m eagerly anticipating exploring more information like this in the upcoming. Thanks for sharing, you’re doing an remarkable job!

  5. ???? Wow, blog ini seperti roket meluncurkan ke galaksi dari keajaiban! ???? Konten yang menegangkan di sini adalah perjalanan rollercoaster yang mendebarkan bagi imajinasi, memicu kagum setiap saat. ???? Baik itu teknologi, blog ini adalah harta karun wawasan yang menarik! #PetualanganMenanti Berangkat ke dalam petualangan mendebarkan ini dari pengetahuan dan biarkan pikiran Anda berkelana! ???? Jangan hanya mengeksplorasi, rasakan kegembiraan ini! ???? Pikiran Anda akan bersyukur untuk perjalanan menyenangkan ini melalui alam keajaiban yang menakjubkan! ????

Comments are closed.