{"id":76963,"date":"2023-04-10T16:11:07","date_gmt":"2023-04-10T13:11:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76963"},"modified":"2025-09-10T20:28:45","modified_gmt":"2025-09-10T17:28:45","slug":"gdac-cryptocurrency-exchange-hacked-for-nearly-13-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/gdac-cryptocurrency-exchange-hacked-for-nearly-13-million\/","title":{"rendered":"GDAC cryptocurrency exchange hacked for nearly $13 million"},"content":{"rendered":"<p>Hackers <a href=\"https:\/\/support.gdac.com\/hc\/ko\/articles\/17389345782041--%EA%B8%B4%EA%B8%89%EA%B3%B5%EC%A7%80-%EC%9E%85%EC%B6%9C%EA%B8%88-%EC%84%9C%EB%B9%84%EC%8A%A4-%EC%9D%BC%EC%8B%9C%EC%A4%91-%EB%B0%8F-%EA%B8%B4%EA%B8%89-%EC%84%9C%EB%B2%84%EC%A0%90%EA%B2%80-%EC%A7%84%ED%96%89-%EC%82%AC%EC%9C%A0\">exfiltrated<\/a> roughly $13 million of digital currencies from the hot wallet of the South Korean bitcoin exchange GDAC, accounting for about 23% of the platform&#8217;s total assets.<\/p>\n<p>The attackers&#8217; haul consisted of 60.8 BTC, 350.5 ETH, 10,000 WEMIX tokens and 220,000 <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-tether-usdt\">USDT<\/a>.<\/p>\n<p>The platform team paused withdrawals and deposits, notified regulators about the incident, and turned to law enforcement authorities for an investigation.<\/p>\n<p>The exchange also sought assistance in freezing the withdrawn funds on centralized trading platforms and DeFi protocols.\u00a0\u00a0\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe are working with various organisations to do everything possible,\u201d GDAC CEO Sunghwan Han said.<\/p>\n<\/blockquote>\n<p>According to a statement, the exchange conducts quarterly audits of storage and reserve sufficiency with the help of a third-party accounting firm. User deposits were backed by more than 100%.<\/p>\n<p>As reported in 2022, the cumulative damage to the crypto industry from hacks, bankruptcies and other incidents <a href=\"https:\/\/u1f987.com\/en\/news\/report-aggregate-losses-by-users-and-investors-in-2022-exceeded-63-9-billion\">exceeded $63.9 billion<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hackers exfiltrated roughly $13 million of digital currencies from the hot wallet of the South Korean bitcoin exchange GDAC, accounting for about 23% of the platform&#8217;s total assets.<\/p>\n","protected":false},"author":1,"featured_media":76964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1154],"class_list":["post-76963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-crimes"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=76963"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76963\/revisions"}],"predecessor-version":[{"id":76965,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76963\/revisions\/76965"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/76964"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=76963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=76963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=76963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}