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South Korean exchange Prabang halts service after suspected hack

NewsFeeds update

Prabang, a South Korean crypto exchange, reported unauthorised external access on 26 Oct and alerted the authorities after finding abnormal withdrawals from a hot wallet on 24 Oct. It estimates losses of about KRW 100m ($70,000), has paused services and pledged to compensate users in full from company assets.

AltcoinsOdailyAIBearish

Read the original on Odaily

The story so far: Prabang exchange hack

South Korean exchange Prabang halted services after unauthorised external access on 26 Oct and abnormal hot-wallet withdrawals on 24 Oct. It estimates losses of about KRW 100m ($70,000) and pledged to compensate users in full from company assets.

  1. Prabang suspends services after suspected hack costs about $72,000

    South Korean exchange Prabang has temporarily halted services after a security breach it said involved unauthorised external access on 26 Oct and caused losses of about 100m won ($72,000). Prabang reported the incident to authorities and is investigating its cause and scale, Yonhap reported.

    AltcoinsCoinNessAIBearish

  2. South Korean exchange Prabang halts service after suspected hack

    Prabang, a South Korean crypto exchange, reported unauthorised external access on 26 Oct and alerted the authorities after finding abnormal withdrawals from a hot wallet on 24 Oct. It estimates losses of about KRW 100m ($70,000), has paused services and pledged to compensate users in full from company assets.

    AltcoinsOdailyAIBearish

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.