Crypto Exchange Peurabaeng Suffers KRW 100 Million Loss in Hack... "Suspends Services"

"We will fully compensate for the losses"

Coin-market crypto exchange Peurabaeng is temporarily suspending its services following a hacking incident.

According to the virtual asset industry on October 29, Peurabaeng said an incident involving unauthorized access by an external party occurred on October 26. The exchange said it had reported the incident to the relevant authorities and was investigating its cause and scope.

Peurabaeng reportedly became aware of an unusual withdrawal from its exchange hot wallet on October 24. While activating its emergency response system and conducting a comprehensive inspection, it discovered a security vulnerability. The affected assets are estimated to be worth about KRW 100 million.

Screenshot from the Peurabaeng website

Peurabaeng said, "To protect customer assets, we will temporarily suspend use of our services, determine the affected assets more accurately, and compensate for them in full using company assets."

This incident appears to be separate from the one mentioned on October 14, when financial authorities announced the results of an inspection into hacking incidents involving artificial intelligence (AI) in the financial sector. At the time, Streami, the operator of GOPAX, and Peurabaeng were mentioned in connection with the virtual asset sector.

On October 27, a hacking incident at Bithumb involving its internal systems resulted in the leak of employees' personal information. A hacking attempt was also reportedly made against another KRW-based virtual asset exchange that day.

This content was produced with the assistance of AI translation services.

© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.