GDAC hacked: South Korea’s crypto nightmare 

The South Korean crypto exchange GDAC was compromised on April 9. GDAC is widely recognized for token-to-token transactions. The breach resulted in the theft of 23% of the exchange’s assets. The hackers stole 61 bitcoin (BTC), 350.5 ether (ETH), 10 million wemix tokens (WEMIX), and 220,000 USDT. GDAC declared that it has informed law enforcement about the hack and is attempting to recover the monies. Over $13.1 million was lost on the exchange. More than $10 million in losses were attributable to WEMIX. According to the company’s report on April 10, hackers transferred over $13 million in cryptos from GDAC’s