{"id":19681,"date":"2023-04-10T15:01:57","date_gmt":"2023-04-10T15:01:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/south-korean-crypto-exchange-gdac-suffers-13-million-hack\/"},"modified":"2023-04-10T15:01:57","modified_gmt":"2023-04-10T15:01:57","slug":"south-korean-crypto-exchange-gdac-suffers-13-million-hack","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/south-korean-crypto-exchange-gdac-suffers-13-million-hack\/","title":{"rendered":"South Korean crypto exchange GDAC suffers $13 million hack"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681138008510-dc5c23c0-8e67-49a5-993f-26c4f6afbcd3-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681138008510-dc5c23c0-8e67-49a5-993f-26c4f6afbcd3-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681138008510-dc5c23c0-8e67-49a5-993f-26c4f6afbcd3-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681138008510-dc5c23c0-8e67-49a5-993f-26c4f6afbcd3-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">South Korean exchange GDAC reported the hack early Monday.<\/li>\n<li dir=\"ltr\">The exchange said the hackers stole nearly 61 BTC, 350.5 ETH, 10 million WEMIX tokens and 220,000 USDT.<\/li>\n<li dir=\"ltr\">On-chain data shows the hacker has swapped USDT for ETH and sent 461 ETH to a crypto mixer.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/\">Crypto news<\/a> out of <a href=\"https:\/\/coinjournal.net\/news\/tag\/south-korea\/\">South Korea<\/a> is that hackers stole nearly $13 million from the crypto exchange GDAC. The exchange <a href=\"https:\/\/support.gdac.com\/hc\/ko\/articles\/17389345782041--%EA%B8%B4%EA%B8%89%EA%B3%B5%EC%A7%80-%EC%9E%85%EC%B6%9C%EA%B8%88-%EC%84%9C%EB%B9%84%EC%8A%A4-%EC%9D%BC%EC%8B%9C%EC%A4%91%EB%8B%A8-%EB%B0%8F-%EA%B8%B4%EA%B8%89-%EC%84%9C%EB%B2%84%EC%A0%90%EA%B2%80-%EC%A7%84%ED%96%89-%EC%82%AC%EC%9C%A0\" rel=\"noopener noreferrer\" target=\"_blank\">reported<\/a> that the incident occurred on Sunday.<\/p>\n<p dir=\"ltr\">According to the exchange\u2019s security update, the hackers transfered roughly 61 <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">bitcoin<\/a>, 350 ether, 10 million WEMIX tokens and 220,000 USDT from its hot wallet.<\/p>\n<p dir=\"ltr\">In total, the hack left GDAC with a $13 million or so hole in stolen crypto, with the lost funds accounting for 23% of the exchange\u2019s total custodial holdings.<\/p>\n<p dir=\"ltr\">As a result of the hack, GDAC suspended its wallet system, pausing deposits and withdrawals. The exchange also announced it had reported the hack to the South Korea police, requesting for a cyber investigation.<\/p>\n<h2 dir=\"ltr\">Hacker sends 461 ETH to Tornado Cash<\/h2>\n<p dir=\"ltr\">GDAC said the assets were taken from its hot wallet, with the hackers transferring the coins to an unknown crypto wallet.\u00a0<\/p>\n<p dir=\"ltr\">While GDAC says its working with Korean security experts and authorities in a bid to recover the funds, crypto market intelligence firm Arkham reports the hacker has swapped the USDT into ETH.\u00a0<\/p>\n<p dir=\"ltr\">The blockchain intelligence platform <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1645423702115328000\" rel=\"noopener noreferrer\" target=\"_blank\">revealed<\/a> on Monday that the attacker had already sent approximately 461 ETH to the crypto mixing platform Tornado Cash.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/south-korean-crypto-exchange-gdac-hacked-for-13-million\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) South Korean exchange GDAC reported the hack early Monday. The exchange said the hackers stole nearly 61 BTC, 350.5 ETH, 10 million WEMIX tokens and 220,000 USDT. On-chain data shows the hacker has swapped USDT for ETH and sent 461 ETH to a [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19681"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=19681"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/19682"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=19681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=19681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=19681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}