South Korean crypto change GDAC hacked for $13 million

• South Korean change GDAC reported the hack early Monday.
• The change mentioned the hackers stole practically 61 BTC, 350.5 ETH, 10 million WEMIX tokens and 220,000 USDT.
• On-chain knowledge reveals the hacker has swapped USDT for ETH and despatched 461 ETH to a crypto mixer.

Crypto information out of South Korea is that hackers stole practically $13 million from the crypto change GDAC. The change reported that the incident occurred on Sunday.

In accordance with the change’s safety replace, the hackers transfered roughly 61 bitcoin, 350 ether, 10 million WEMIX tokens and 220,000 USDT from its scorching pockets.

In complete, the hack left GDAC with a $13 million or so gap in stolen crypto, with the misplaced funds accounting for 23% of the change’s complete custodial holdings.

Because of the hack, GDAC suspended its pockets system, pausing deposits and withdrawals. The change additionally introduced it had reported the hack to the South Korea police, requesting for a cyber investigation.

Hacker sends 461 ETH to Twister Money

GDAC mentioned the belongings have been taken from its scorching pockets, with the hackers transferring the cash to an unknown crypto pockets. 

Whereas GDAC says its working with Korean safety specialists and authorities in a bid to get well the funds, crypto market intelligence agency Arkham studies the hacker has swapped the USDT into ETH. 

The blockchain intelligence platform revealed on Monday that the attacker had already despatched roughly 461 ETH to the crypto mixing platform Twister Money.