{"id":316156,"date":"2023-04-10T15:25:19","date_gmt":"2023-04-10T14:25:19","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=316156"},"modified":"2023-04-10T15:25:30","modified_gmt":"2023-04-10T14:25:30","slug":"korea-based-exchange-gdac-suspends-withdrawals-and-deposits-after-13m-hack","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/korea-based-exchange-gdac-suspends-withdrawals-and-deposits-after-13m-hack\/","title":{"rendered":"Korea-based exchange GDAC suspends withdrawals, deposits after $13M hack"},"content":{"rendered":"

Korea-based crypto exchange GDAC was hacked for roughly $13 million worth of digital assets during the early hours of April 9.<\/p>\n

According to an April 10 statement, the exchange said the stolen assets accounted for 23% of the total assets it managed.<\/span><\/p>\n

The exchange said the stolen assets included nearly 61 Bitcoin (BTC<\/a>), 350.5 Ethereum (ETH<\/a>), 10 million WEMIX<\/a>, and 220,000 USDT<\/a>.<\/p>\n

\"GDAC
Source: GDAC<\/figcaption><\/figure>\n

Due to this incident, the exchange has temporarily suspended deposits and withdrawal services, adding that it would perform emergency server maintenance.<\/p>\n

GDAC said it had informed the authorities, including the Korean police and the Korea Internet & Security Agency (KISA), about the hack and has requested a cyber investigation.<\/p>\n

“We ask those in charge of exchanges handling virtual assets to immediately block the deposit from the address where the withdrawal occurred, as stated in the official notice.”<\/p><\/blockquote>\n

GDAC further urged other exchanges, DeFi platforms, etc., to help it freeze the stolen funds if sent to their platforms.<\/p>\n

Meanwhile, the hacked exchange said<\/a> it was unsure when its services would be resumed as investigations are underway.<\/p>\n

According to CEO Seunghwan Han, the exchange is doing its “best by collaborating with various organizations” to track the stolen funds.<\/p>\n

Crypto exploits in 2023<\/h2>\n

Crypto hacks have begun to pick up after a quiet start to the year. In March, blockchain security firm Peckshield reported<\/a> that\u00a0 26 crypto projects were hacked for $211 million.<\/p>\n

According to Peckshield, Euler Finance\u2019s (EUL<\/a>) March 13 hack was responsible for over 90% of the losses. However, the hacker has since returned<\/a> all of the stolen.<\/p>\n

Meanwhile, DeFillama data<\/a> shows that malicious players have stolen $1.57 million from two crypto projects in April \u2014 Sentiment lost<\/a> $1 million while Allbridge was hacked for $570,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

Korea-based crypto exchange GDAC was hacked for roughly $13 million worth of digital assets during the early hours of April 9. According to an April 10 statement, the exchange said the stolen assets accounted for 23% of the total assets it managed. The exchange said the stolen assets included nearly 61 Bitcoin (BTC), 350.5 Ethereum […]<\/p>\n","protected":false},"author":720,"featured_media":316176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[78491,76716],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nKorea-based exchange GDAC suspends withdrawals, deposits after $13M hack<\/title>\n<meta name=\"description\" content=\"GDAC said it was unsure when its services would be resumed as investigations are underway, according to its statement.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/korea-based-exchange-gdac-suspends-withdrawals-and-deposits-after-13m-hack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Korea-based exchange GDAC suspends withdrawals, deposits after $13M hack\" \/>\n<meta property=\"og:description\" content=\"GDAC said it was unsure when its services would be resumed as investigations are underway, according to its statement.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/korea-based-exchange-gdac-suspends-withdrawals-and-deposits-after-13m-hack\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-10T14:25:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-10T14:25:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/04\/gdac-hack.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/korea-based-exchange-gdac-suspends-withdrawals-and-deposits-after-13m-hack\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/korea-based-exchange-gdac-suspends-withdrawals-and-deposits-after-13m-hack\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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