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S. Korean Crypto Exchange Gdac Hacked for Nearly $13M
The exchange said hackers transferred the crypto assets from a hot wallet to an unidentified wallet.
Updated Apr 10, 2023, 1:20 p.m. Published Apr 10, 2023, 11:45 a.m.
South Korean crypto exchange Gdac was hacked for nearly $13 million on Sunday, the firm said on Monday.
Hackers transferred nearly $13 million worth of crypto, 23% of its total custodial assets, from Gdac's hot wallet to an unidentified wallet.
The hackers stole nearly 61 bitcoins (BTC), 350.5 ether (ETH), 10 million wemix tokens (WEMIX) and 220,000 USDT. Gdac said it has notified the authorities about the hack and is working to recover the funds.
Crypto platforms have suffered some notable hacks and exploits in the past 15 to 18 months. The largest was Axie Infinity's Ronin bridge, which suffered a $625 million hack last year. On Sunday, decentralized-finance protocol Sushi was exploited for $3.3 million.
Read more: Sushi DEX Approval Contract Exploited For $3.3M
Parikshit Mishra
Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. Before joining CoinDesk, he was the European Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
