South Korean crypto exchange GDAC hacked for nearly $14M - page 2.

sokani

sr. member

Activity: 504

Merit: 421

Top Crypto Casino

Quote from: _act_ on April 10, 2023, 03:23:38 PM

Not you key not your coin, another exchange he been hacked.

I hope wise people that care for their coins that can yield 10x will have their coins on a noncustodial wallet to avoid the inconveniences or probably total loss of money.

Sad news for the crypto community... Some persons keep singing it everywhere like a national anthem that "not your key, not your coin", but people will not care to listen, maybe learning the hard way would teach them a lesson and probably make them learn. I choose to learn from others mistakes and I choose to hold my funds in non-custodial wallet.

DooMAD

legendary

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Leave no FUD unchallenged

It's almost as though these exchanges don't understand the part where they're painting a target on their back by putting so much money in one big, easy-to-steal treasure trove. Is there some unspoken rite of passage I don't know about where all custodians have to be hacked at least once before they can call themselves a real exchange? Feels like that's what they're all aiming for.

It's just dismal.

Upgrade00

legendary

Activity: 2030

Merit: 2174

Professional Community manager

If the security for the funds they hold is this poor imagine how vulnerable your data is to getting stolen and many of such privacy breaches goes unreported.

Not your keys; not your coins. It's much safer if you take charge of your security than give that responsibility to someone else.

_act_

hero member

Activity: 868

Merit: 1094

Not you key not your coin, another exchange he been hacked.

https://www.tradingview.com/news/cointelegraph:e57051a3d094b:0-south-korean-crypto-exchange-gdac-hacked-for-nearly-14m/

Quote

South Korean crypto exchange GDAC has been hacked for approximately $13.9 million worth of crypto. The exchange has halted all deposits and withdrawals and is performing emergency server maintenance in response to the attack, according to an April 10 announcement from GDAC CEO Han Seunghwan.

I hope wise people that care for their coins that can yield 10x will have their coins on a noncustodial wallet to avoid the inconveniences or probably total loss of money.

Not you key not your coin, there is nothing better than noncustodial wallet. Cold noncustodial wallets are safer.

Topic: South Korean crypto exchange GDAC hacked for nearly $14M - page 2. (Read 186 times)