Data leak
[loss] $13M+
"S. Korean Crypto Exchange Gdac Hacked for Nearly $13M"
Primary Source ↗Financial Loss
$13.0M
(13,000,000 USD)
Incident Details
Hackers made off with 61 BTC, 350.5 ETH, 10 million WEMIX, and 220,000 USDT from a hot wallet belonging to the South Korean cryptocurrency exchange GDAC. Altogether, the assets are notionally worth around $13 million. The stolen assets represented 23% of funds custodied on the GDAC exchange.GDAC halted deposits and withdrawals shortly after the attack, and stated that they had reported the exploit to South Korean law enforcement to investigate.
Total loss estimated at $13,000,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- GDAC
Timeline
- 2023-04-10 Breach occurred
- 2023-04-10 Publicly disclosed