S. Korean Crypto Exchange Gdac Hacked for Nearly $13M

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Crypto platforms have suffered some notable hacks and exploits in the past 15 to 18 months. The largest was Axie Infinity’s Ronin bridge , which suffered a $625 million hack last year. On Sunday, decentralized-finance protocol Sushi was exploited for $3.3 million.

The hackers stole nearly 61 bitcoins ( BTC ), 350.5 ether ( ETH ), 10 million wemix tokens (WEMIX) and 220,000 USDT. Gdac said it has notified the authorities about the hack and is working to recover the funds.

Hackers transferred nearly $13 million worth of crypto, 23% of its total custodial assets, from Gdac’s hot wallet to an unidentified wallet.

South Korean crypto exchange Gdac was hacked for nearly $13 million on Sunday, the firm said on Monday.

Parikshit Mishra

Parikshit Mishra is CoinDesk’s Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.

Follow @ parikshitm899 on Twitter

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Parikshit Mishra

Parikshit Mishra is CoinDesk’s Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.

Follow @ parikshitm899 on Twitter

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