South Korean crypto exchange GDAC hacked for nearly $14M

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South Korean crypto exchange GDAC hacked for nearly $14M
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GDAC crypto exchange is hacked, losing 23% of its total custodied assets.

) was stolen in the attack. This totals around $13.9 million worth of crypto at April 10 prices.

The amount stolen is “approximately 23% of Gdac’s current total custodial assets,” the announcement said. The exchange has alerted the police, reported the hack to the Korea Internet & Security Agency , and notified the Financial Intelligence Unit of the loss caused by the attack.GDAC is also asking crypto exchanges not to honor deposits made from the address that performed the attack.

Seunghwan said that the exchange does not know when withdrawals will be resumed. “We ask for your understanding that it is difficult to confirm the resumption point of deposit and withdrawal as the investigation is currently underway,” he said, according to Google Translate. Centralized exchange hacks continue to be a problem in the crypto industry. Case in point: Crypto.com was

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