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GDAC1 decision on this page

Audit log

Every state-changing event for GDAC: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

  1. #1publishby system:backfill
    2026-05-20 18:36:40Z
    Score: ?? (no score change)
    anchoranchored
    chain
    mainnet-betaslot 421,041,180
    sig
    51iQ2FSKc8Te…kW3tz6Ubexplorer ↗
    hash
    ZimCUprNozk6…QTVtsWPBsha256 → base58
    verifying row…full verify ↗
    canonical bytes (4076 B) ▸
    {"actor":"system:backfill","investigation_id":"3f9c6113-47e0-4ee0-ba5a-58c66689389f","kind":"publish","page_slug":"gdac","published_at":"2026-05-20T18:36:40.239Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"GDAC","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://peertec.com/we-are/"},{"credibility":3,"name":"","type":"other","url":"https://www.crunchbase.com/organization/gdac-peertech"},{"credibility":3,"name":"","type":"other","url":"https://www.cryptowisser.com/exchange/gdac/"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://www.coindesk.com/tech/2023/04/10/s-korean-crypto-exchange-gdac-hacked-for-nearly-13m"},{"credibility":3,"name":"","type":"other","url":"https://www.financemagnates.com/cryptocurrency/south-korea-crypto-exchange-gdac-loses-23-of-assets-to-hackers/"},{"credibility":3,"name":"","type":"other","url":"https://decrypt.co/125834/hackers-rob-south-korean-exchange-13m-bitcoin-ethereum-other-assets"},{"credibility":3,"name":"","type":"other","url":"https://cointelegraph.com/news/south-korean-crypto-exchange-gdac-hacked-for-nearly-14m"},{"credibility":3,"name":"","type":"other","url":"https://cryptoslate.com/korea-based-exchange-gdac-suspends-withdrawals-and-deposits-after-13m-hack/"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://www.chaincatcher.com/en/article/2166179"},{"credibility":3,"name":"","type":"other","url":"https://sumsub.com/blog/south-korea-crypto-and-travel-rule-regulations-all-you-need-to-know/"},{"credibility":3,"name":"","type":"other","url":"https://www.thekoreanlawblog.com/2024/10/registering-a-virtual-asset-service-provider-in-korea.html"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://glavx.org/gdac-crypto-exchange-review-what-happened-and-why-it-failed"},{"credibility":3,"name":"","type":"other","url":"https://www.coinspeaker.com/gdac-deposits-withdrawals-14m-hack/"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://www.coindesk.com/tech/2023/04/10/s-korean-crypto-exchange-gdac-hacked-for-nearly-13m"},{"credibility":3,"name":"","type":"other","url":"https://www.financemagnates.com/cryptocurrency/south-korea-crypto-exchange-gdac-loses-23-of-assets-to-hackers/"},{"credibility":3,"name":"","type":"other","url":"https://www.chaincatcher.com/en/article/2166179"}]}],"sources_used":[],"summary":"GDAC was a South Korean cryptocurrency exchange operated by Peertec Co., Ltd. that launched in May 2018 and was registered as a Virtual Asset Service Provider (VASP) with Korea's Financial Intelligence Unit (KoFIU). On April 9, 2023, attackers drained approximately $13–14 million from its hot wallets — representing 23% of total custodial assets — causing the exchange to permanently shut down with no compensation offered to affected users.","timeline":[{"date":"2017-12","event":"Peertec Co., Ltd. incorporated in Seoul, South Korea.","source":""},{"date":"2018-05","event":"GDAC cryptocurrency exchange launches.","source":""},{"date":"2018-09","event":"GDAC opens Korean Won (KRW) fiat trading market.","source":""},{"date":"2023-04-09","event":"Attackers drain approximately $13–14.2M from GDAC hot wallets at 7:00 a.m. KST, stealing ~60.8 BTC, 350.5 ETH, 10M WEMIX, and 220,000 USDT — 23% of total custodial assets.","source":""},{"date":"2023-04-10","event":"GDAC CEO Seunghwan Han publicly confirms the breach. Exchange suspends all deposits and withdrawals. KISA, KoFIU, and Korean National Police Agency are notified.","source":""},{"date":"2023-04","event":"GDAC permanently ceases operations. No compensation plan announced for affected users.","source":""},{"date":"2025-02","event":"KoFIU confirms GDAC has been removed from the South Korean VASP registry, alongside ProBit and Huobi Korea.","source":""}]},"v":1}
    Verify offline (run on your own machine)
    python -m src.verify_decision f713a8a7-58b4-491e-a6c0-906a1a173a8b
How verification works. The “Row integrity” check above is computed in your browser — your machine recomputes the SHA-256 of the canonical bytes and compares against the stored hash. No avoid.net server can fake that check. The “full verify” link goes one level deeper: your browser fetches the on-chain transaction from a Solana RPC node and confirms the same hash is in the memo. If you don’t want to trust either avoid.net or the public RPC, run the CLI verifier on your own machine — python -m src.verify_decision <event_id>.