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

2023-04-10 WEMIX

https://medium.com/wemix-communication/foundations-position-on-the-recent-gdac-korean-exchange-hack-d288cc48129e

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

The WEMIX Foundation said the GDAC exchange hack withdrew about 23% of GDAC's custodial assets, including 10,000,000 customer-deposited WEMIX3.0 tokens, to unidentified wallets. The statement emphasizes that the incident occurred at the exchange and did not directly affect the WEMIX3.0 mainnet, WEMIX platforms, DApps, smart contracts, or foundation-managed WEMIX holdings. In response to GDAC's request, WEMIX notified global exchanges, asked bridge providers including Multichain and Orbit Bridge to increase scrutiny of suspicious-wallet transfers, withdrew WEMIX-USDC Uniswap V3 liquidity, and continued monitoring suspicious wallets for cooperation with authorities.

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