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 $13 million in cryptos from GDAC’s
WEMIX Team recently announced their plan to establish a Peg Stability Module (PSM) that provides users with stable 1:1 WEMIX$/USDC exchange capabilities. The developed action plan works to stabilize WEMIX$ values while offering users a stable exchange experience. The implementation timeline starts in the first half of 2025 indicates the…
From June 2 to June 8, 2025, a series of blockchain developments are scheduled to take place. These events include token listings, unlocks, generation events, and platform strategic rollout across artificial intelligence (AI), real-world assets (RWA), and decentralized finance (DeFi). Top Upcoming Events of Next WeekJun 2 – Jun 8,…
Korean financial authorities and industry experts are developing virtual asset listing rules. These criteria will be revealed in the first half of the upcoming year. As per local Korean media, the new Financial Supervisory Service (FSS) task force focuses on difficult virtual asset listing procedures. Financial authorities, public and private…