Korean crypto exchange Prabang hacked, services suspended, losses estimated at around 100 million won

Odaily News: 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, launched an emergency response, and identified a security vulnerability, with initial losses estimated at around 100 million won (approximately $70,000). To protect customer assets, Prabang has suspended services and promised to fully compensate with company assets after verifying the losses. (Yonhap)