South Koreabased crypto exchange GDAC,reported that he lost 13 million dollars in his hot wallet after the cyber attack.
April 9, 2023After the attack in , authorities suspended deposits and withdrawals. GDACAccording to the announcement made by , 10 million from the hacked hot wallet Wemixtokens, 60,80 bitcoin, 350 Ethereumand 220,000 units USDTit was stolen.
Investigations on the Attack Continue
According to the statement, the stolen assets GDACapproximate total value of customer assets on the platform 23 percentIt was claimed to represent
In response to this attack GDAC, suspended wallet systems, including deposits and withdrawals, and temporarily disabled their respective servers to avoid further losses. In addition, the stock market, local police and Korea Internet and Security Agency(KISA) about the incident and cooperated.
Making a statement about the attack, the stock market did not share any details about the security problems that caused the incident.
GDACNor has it yet provided users with a timeline for when deposits and withdrawals will begin, citing the need to thoroughly research and address the security issues that led to the breach.
GDAC Centralized cryptocurrency exchanges, such as cryptocurrencies, often use a combination of hot and cold wallets to manage user funds. Internet-connected hot wallets allow for fast deposits and withdrawals, but are more vulnerable to attacks. Cold wallets are offline storage solutions that offer more security against cyber attacks.
