Korean crypto exchange Prabang hacked, services suspended, with losses of approximately 100 million KRW

Odaily: South Korean crypto asset exchange Prabang reported on October 26 an intrusion incident involving unauthorized external access and has filed a report with the relevant authorities. The exchange discovered abnormal withdrawals from its hot wallet on October 24. After initiating an emergency response, it identified a security vulnerability, with preliminary losses estimated at approximately 100 million KRW (about $70,000). To protect customer assets, Prabang has suspended its services and promised to fully compensate for losses with company assets after verification. (Yonhap)