South Korean cryptocurrency exchange Gdac has reported a hack that resulted in the loss of nearly $13 million on April 9. The hackers transferred 23% of the exchange's total custodial assets from its hot wallet to an unidentified wallet, stealing nearly 61 bitcoin (BTC), 350.5 ether (ETH), 10 million wemix token (WEMIX), and 220,000 USDT. Gdac has notified the authorities and is working to recover the funds. This is the latest in a series of notable hacks and exploits in the cryptocurrency industry, with decentralized finance protocol Sushi also being exploited for $3.3 million on the same day.

(By Parikshit Mishra)