South Korean cryptocurrency exchange GDAC has reported that hackers have stolen almost $13 million on Sunday, April 9.
According to a GDAC support page, the hackers transferred approximately 23% of GDACâs total custodial assets from the exchangeâs hot wallet to an unidentified wallet, which included nearly $13,000,000 in Bitcoin (BTC), Ethereum (ETH), Wemix (WEMIX), and Tether (USDT).
GDAC is currently working with several institutions to recover the funds and has notified authorities about the incident. The exchange has also suspended its wallet system and related servers and reported the event to the Korean Internet Promotion Agency (KISA) and the FIU.
This is one of the latest cryptocurrency platform hacks in the past 15-18 months. In 2022, Axie Infinityâs Ronin Bridge suffered a $625 million hack, and on the same day as GDACâs hack, the decentralized exchange Sushi was exploited for $3.3 million.
GDAC CEO Jindhak Han Seung-hwan has stated that investor protection is the exchangeâs top priority, and it will continue to work to secure the safe withdrawal of its usersâ assets.
GDAC has also urged other exchanges to immediately stop depositing funds at the address where the excess withdrawal was made public, and to report any deposit they receive as an âincident report.â Customers with concerns regarding the withdrawal transaction are also urged to report it to GDAC.
Don’t Miss a Beat â Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Featured Image: Shutterstock/X-Pose
