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CATEGORY: gdac

Korea-based exchange GDAC suspends withdrawals, deposits after $13M hack
Author: Oluwapelumi Adejumo
United States
Source: CryptoSlate
Apr 10, 2023 05:50

Korea-based exchange GDAC suspends withdrawals, deposits after $13M hack

Korea-based crypto exchange GDAC was hacked for roughly $13 million worth of digital assets during the early hours of April 9. According to an April 10 statement, the exchange said the stolen assets accounted for 23% of the total assets it managed. The exchange said the stolen assets included nearly 61 Bitcoin (BTC), 350.5 Ethereum […]

The post Korea-based exchange GDAC suspends withdrawals, deposits after $13M hack appeared first on CryptoSlate.

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South Korean Crypto Exchange GDAC Hit By $13M Exploit, Losing Nearly A Quarter Of Its Assets
Author: Shayan Chowdhury
United States
Source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
Apr 10, 2023 06:15

South Korean Crypto Exchange GDAC Hit By $13M Exploit, Losing Nearly A Quarter Of Its Assets

The post South Korean Crypto Exchange GDAC Hit By $13M Exploit, Losing Nearly A Quarter Of Its Assets appeared first on Coinpedia Fintech News

The number of hacking incidents in the crypto market has skyrocketed with the industry’s increasing demand. As billions of dollars are being traded daily, it lures hackers to find vulnerabilities and conduct an exploit, resulting in the loss of users’ assets. In a shocking turn of events, South Korea’s popular cryptocurrency exchange, GDAC, fell victim …

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