Korean Crypto Exchange Prabang Hacked, Loses Approx. 100 Million Won, Services Suspended

According to Yonhap News Agency, South Korean crypto asset exchange Prabang reported on October 26 that it suffered an intrusion involving unauthorized external access, and has filed a report with relevant authorities. The exchange detected anomalous withdrawals from its hot wallet on October 24, identified a security vulnerability upon activating its emergency response protocol, and preliminarily estimated losses at approximately 100 million KRW (around $70,000). To safeguard customer assets, Prabang has suspended services and pledged to fully compensate users with corporate funds once the losses are verified.