The GDAC cryptocurrency exchange in South Korea was breached, losing over $13.9 million in cryptocurrency. In reaction to the attack, the exchange has paused all deposits and withdrawals and is carrying out urgent server repair, according to a statement made by GDAC CEO Han Seunghwan on April 10.
The notification states that the attacker took control of a few of the exchange’s hot wallets on April 9 in the early morning and started moving cryptocurrency into those wallets at 7 am Korean Standard Time. The hack resulted in the theft of about 61 Bitcoin, 350.5 Ether, 10 million units of the WEMIX virtual currency, and $220,000 worth of Tether. At the pricing of April 10, this equates to almost $13.9 million in cryptocurrency read more South Korean crypto exchange GDAC hacked for nearly $14M.
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