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Pravang, a South Korean cryptocurrency exchange, has suspended services after a hacking incident that caused asset losses of approximately 100 million won (nearly $75,000). Business Korea reports the breach occurred amid a series of cybersecurity attacks on Korean financial firms, though this marks the first with actual losses. KBS World adds that on October 24, unauthorized external access triggered abnormal withdrawals from the exchange's hot wallet, and Pravang announced on October 26 it would fully compensate users using company assets after verification. Korean media coverage focuses on the incident's details and the exchange's promise of full reimbursement, reflecting concern over the security of crypto platforms.