The hacker responsible for the theft of $13 million from the GDAC exchange on April 9, 2023, has initiated the movement of the stolen funds. This information comes courtesy of a MistTrack Alert posted on Twitter on October 11, 2023.
The South Korean cryptocurrency exchange GDAC suffered a substantial security breach earlier this year, on April 9, which led to the unauthorized withdrawal of cryptocurrencies valued at approximately $13.9 million at the time. The breach prompted an immediate halt to all deposits and withdrawals on the platform, along with emergency server maintenance, as announced by GDAC CEO Han Seunghwan on April 10. It was reported that the heist accounted for nearly 23% of GDAC’s total custodial assets. In response to the incident, GDAC promptly alerted local authorities, reported the hack to the Korea Internet & Security Agency (KISA), and informed the Financial Intelligence Unit (FIU) of the loss incurred due to…
