The hacker answerable for the theft of $13 million from the GDAC alternate on April 9, 2023, has initiated the movement of the stolen funds. This info comes courtesy of a MistTrack Alert posted on Twitter on October 11, 2023.
The South Korean cryptocurrency alternate GDAC suffered a considerable safety breach earlier this 12 months, on April 9, which led to the unauthorized withdrawal of cryptocurrencies valued at roughly $13.9 million on the time. The breach prompted an instantaneous halt to all deposits and withdrawals on the platform, together with emergency server upkeep, as introduced by GDAC CEO Han Seunghwan on April 10. It was reported that the heist accounted for practically 23% of GDAC’s complete custodial property. In response to the incident, GDAC promptly alerted native authorities, reported the hack to the Korea Web & Safety Company (KISA), and knowledgeable the Monetary Intelligence Unit (FIU) of the loss incurred because of the assault.
In keeping with the MistTrack Alert, the preliminary switch concerned transferring roughly 60.8 BTC to the handle labeled 1AWcB…mPnAe. Following this switch, handle 1AWcB…mPnAe additional transferred round 36.7 BTC to 3 completely different addresses: bc1qk…auztv, bc1q2…nc2ah, and bc1qd…tta9k. As of the final remark, the steadiness remaining in handle 1AWcB…mPnAe is roughly 24 BTC.
MistTrack has pledged to proceed monitoring the motion of those funds and updating the crypto neighborhood. The hack, being a big occasion, highlights the continual challenges confronted by centralized exchanges in securing digital property and guaranteeing the protection of their customers’ funds. For example, a notable prevalence was the hacking of Crypto.com in January 2022, the place over $15 million had been stolen, and the liquidity disaster at FTX, which noticed an attacker draining $663 million from the platform.
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