GDAC Crypto Exchange Loses $13M in Hack Attack

1 min read
Source: CoinDesk
GDAC Crypto Exchange Loses $13M in Hack Attack
Photo: CoinDesk
TL;DR Summary

South Korean cryptocurrency exchange Gdac was hacked for nearly $13 million on Sunday, with hackers transferring 23% of its total custodial assets from its hot wallet to an unidentified wallet. The hackers stole nearly 61 bitcoins, 350.5 ether, 10 million wemix tokens, and 220,000 USDT. Gdac has notified the authorities about the hack and is working to recover the funds. This is the latest in a series of notable hacks and exploits suffered by crypto platforms in the past 15 to 18 months.

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