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Foundation’s position on the recent GDAC(Korean Exchange) hack

2023-04-10, WEMIX
#Suspicious #Cryptocurrency #GDAC


Foundation’s position on the recent GDAC(Korean Exchange) hack
On April 10th at 16:56(KST), Korean exchange GDAC, where WEMIX is listed, announced an urgent notice regarding a hack including the following details;
- Custodial assets on the exchange were hacked and approximately 23% of the total assets in custody by the exchange was withdrawn to unidentified wallets.
- 10,000,000 WEMIX (WEMIX3.0) that had been deposited to the exchange by customers of GDAC is among the list of assets that were withdrawn through the hack.
▶ Link to the original announcement
Regarding the hack on GDAC,
- The incident occurred on the exchange and does not directly affect the WEMIX3.0 mainnet nor its native platforms and DApps which include WEMIX PLAY, NILE, and WEMIX.Fi.
- The quantity and the condition of Foundation-managed WEMIX, as well as the security and safety of the platforms, DApp services, and smart contracts are not affected by this incident.
- The WEMIX3.0 ecosystem continues to …