South Korean Crypto Exchange Prabang Suspends Service After Hack, Estimates 100 Million Won Loss

South Korean crypto exchange Prabang has suspended service after a hacking incident that caused an estimated loss of 100 million won. According to Odaily, Prabang reported on October 26 that it had detected external unauthorized access and filed a report with relevant authorities. The exchange said it discovered abnormal withdrawals from its hot wallet on October 24, identified a security vulnerability during its response, and would fully compensate customers with company funds after confirming the losses.