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South Korean Crypto Exchange Gdac Hacked for Nearly $13M

South Korean crypto exchange Gdac was hacked for around $13 million on Sunday, the firm said on Monday. On April 9, hackers transferred $13 million worth of crypto, 23% of its total custodial assets, from Gdac hot wallet to an unidentified wallet. The hackers stole almost 61 bitcoin (BTC), 350.5 ether (ETH), 10 million wemix tokens (WEMIX), and 220,000 USDT. Gdac said it has notified the authorities and is working to recover the funds. Many crypto platforms have suffered some notable hacks and exploits in the past 15-18 months, with the largest being Axie Infinity's Ronin bridge, which suffered a $625 million hack last year.

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