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ID:

gdac-exchange-1538

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Date:

Status:

Incident Count:

April 10, 2023

Verified

1

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

None

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50 pts

Audit By:

Audits:

None

Loss Amount:

13,000,000

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Recovered:

-

Rewards:

Ticker:

USD

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100 pts each

GDAC, a South Korean exchange, announced that they have suspended deposit and withdraw services as a hack took place on the hot GDAC wallet resulting in a loss of approximately 23% of their custodial assets, or $13 million. Due to the size of the loss, private key of the hot wallet may be compromised. In contrast Coinbase holds less than 1% of user funds in hot wallet.

The hackers stole nearly 61 bitcoins (BTC), 350.5 ether (ETH), 10 million wemix tokens (WEMIX) and 220,000 USDT.

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