Incident All ledgers
GDAC: $13.9m
GDAC lost $13.9m on 8 April 2023. Ranked 162nd of 1,272 crypto failures, with method, returned funds and comparable incidents.
- Date
- 8 April 2023
- Lost
- $13.9m
- Returned or repaid
- None recorded
- Target
- CEX
- Category
- Key Compromise
- Method
- Hot Wallet Key Compromised
South Korean exchange GDAC lost about $13.9M on April 9, 2023 after an attacker got into its hot wallet and moved BTC, ETH, WEMIX and USDT out. The stolen ETH was then laundered via Tornado Cash.
Against the ledger
- It ranks 162nd of the 1,272 incidents with a known loss, and 20th in 2023.
- It accounts for 15.3% of the $90.9m in known losses in April 2023.
- 153 incidents in the ledger are classified as Key Compromise, for $8.96bn in total. This one is 0.2% of that.
- The ledger records no returned funds.
Closest in size by the same method
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 29 Apr 2024 | Rain | $14.8m | CEX | Private Key Compromised | — |
| 16 Apr 2026 | Grinex | $13.7m | CEX | Hot Wallet Key Compromised | — |
| 31 Oct 2024 | M2 Exchange | $13.7m | CEX | Hot Wallet Key Compromised | — |
| 22 Nov 2023 | HTX | $13.6m | CEX | Hot Wallet Key Compromised | — |
| 05 Aug 2026 | KITE Foundation | $13.3m | Wallet | Private Key Compromised | — |
All failures in 2023 · The failures ledger
Amounts are DefiLlama’s estimates and can change as incidents are revalued. Its returned figure can include money a company repaid itself, not only funds recovered from attackers. Source: DefiLlama.
Cite this Bitminer.io, “GDAC, failures ledger”, data to 2 November 2026, https://bitminer.io/ledger/incident/gdac-2023-04-08/. How this is built