Data leak [loss] $13M+

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

2023-04-10 [vendor] GDAC
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

  1. 2023-04-10 Breach occurred
  2. 2023-04-10 Publicly disclosed