GDAC Hacked for $13 Million
Summary #
On April 9, 2023, South Korean cryptocurrency exchange GDAC was hacked, resulting in the theft of cryptocurrencies worth approximately $13 million. Hackers gained access to the exchange’s hot wallets and stole various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Wemix (WEMIX).
Attackers #
The attackers behind the GDAC hack remain unidentified.
GDAC Hacker ETH wallets:
Losses #
GDAC lost approximately $13 million:
- 10,000,000 WEMIX
- 220,000 USDT
- 350 ETH
- 60.8 BTC
Timeline #
- April 08, 2023, 06:36:59 PM +UTC: The exploiter starts to attack
- April 10, 2023: GDAC announced the hack on their platform.
Security Failure Causes #
- Wallet System Vulnerability: Flaws in the GDAC hot wallet system have led to unauthorized access and transfers of funds.