Overview

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Hackers transferred nearly $13 million worth of crypto, 23% of its total custodial assets, from Gdac's hot wallet to an unidentified wallet. In one of the recent hacks, the South Korean cryptocurrency exchange GDAC fell victim. The exchange also lost $13 million in cryptocurrencies on Sunday. On Ap, GDAC’s Hot South Korean crypto platform GDAC lost at least $13 million in Bitcoin (BTC), Ethereum (ETH), WEMIX, and USDT through a hot wallet hack on April 9. After the South Korean crypto exchange GDAC has been hacked for approximately $13.9 million worth of crypto. The exchange has halted all deposits and withdrawals and is According to the company’s report on April 10, hackers transferred over $13 million in cryptos from GDAC’s hot wallet to an unidentified wallet, accounting for 23% of the The stolen assets, representing approximately 23% of GDAC’s holdings, were transferred to an unidentified wallet, the exchange said in a statement on Monday. The Hackers attacked the South Korea-based crypto exchange GDAC on Sunday, stealing $13 million in crypto funds, or around 23% of its custodial assets. According

Inside the GDAC Hack: How Hackers Stole $13 Million in Crypto

The South Korean cryptocurrency exchange GDAC recently fell victim to a sophisticated cyberattack, resulting in the theft of a significant amount of cryptocurrency. This incident has raised serious concerns about the security of crypto exchanges and the vulnerability of hot wallets.

GDAC Hacked: $13 Million Lost

On Ap, GDAC's Hot South Korean crypto platform GDAC lost at least $13 million in Bitcoin (BTC), Ethereum (ETH), WEMIX, and USDT through a hot wallet hack on April 9. The exchange also lost $13 million in cryptocurrencies on Sunday. The Hackers attacked the South Korea-based crypto exchange GDAC on Sunday, stealing $13 million in crypto funds, or around 23% of its custodial assets. After the South Korean crypto exchange GDAC has been hacked for approximately $13.9 million worth of crypto.

The Heist: How the Hack Unfolded

According to the company’s report on April 10, hackers transferred over $13 million in cryptos from GDAC’s hot wallet to an unidentified wallet, accounting for 23% of the exchange's total custodial assets. Hackers transferred nearly $13 million worth of crypto, 23% of its total custodial assets, from Gdac's hot wallet to an unidentified wallet. The stolen assets, representing approximately 23% of GDAC’s holdings, were transferred to an unidentified wallet, the exchange said in a statement on Monday.

Impact and Aftermath

The exchange has halted all deposits and withdrawals and is actively investigating the breach. The GDAC hack serves as a stark reminder of the risks associated with storing cryptocurrency on exchanges and highlights the importance of robust security measures.

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