S. Korean Crypto Exchange Gdac Hacked for Nearly $13M
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
:format(jpg)/s3.amazonaws.com/arc-authors/coindesk/400b855f-163f-4b51-b7c2-b848afd72051.png)
Parikshit Mishra is CoinDesk’s Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
South Korean crypto exchange Gdac was hacked for nearly $13 million on Sunday, the firm said on Monday.
On April 9, hackers transferred nearly $13 million worth of crypto, 23% of its total custodial assets, from Gdac hot wallet to an unidentified wallet.
The hackers stole nearly 61 bitcoin (BTC), 350.5 ether (ETH), 10 million wemix token (WEMIX) and 220,000 USDT. Gdac said it has notified the authorities about the hack and is working to recover the funds.
Crypto platforms have suffered some notable hacks and exploits in the past 15-18 months, with the largest being Axie Infinity’s Ronin bridge, which suffered a $625 million hack last year. On Sunday, decentralized finance (DeFi) protocol Sushi was also exploited for $3.3 million.
Edited by Parikshit Mishra.
DISCLOSURE
Please note that our
privacy policy,
terms of use,
cookies,
and
do not sell my personal information
has been updated
.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
strict set of editorial policies.
CoinDesk is an independent operating subsidiary of
Digital Currency Group,
which invests in
cryptocurrencies
and blockchain
startups.
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
stock appreciation rights,
which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG
.
Parikshit Mishra is CoinDesk’s Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Parikshit Mishra is CoinDesk’s Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.
