South Korean cryptocurrency exchange GOPAX suspends withdrawals following hacking threats and takes additional security steps. In coverage from multiple outlets, GOPAX is described as halting customer withdrawals as an emergency precaution, while also shifting assets away from online systems.
Korea Times reports that GOPAX stops withdrawals and transfers most assets held in its hot wallets to cold wallets that are not connected to the internet, while stating that no actual loss of assets has been reported. It also links the incident to a broader backdrop of cybersecurity problems affecting South Korea’s financial sector, referencing the Financial Services Commission’s earlier confirmation of incidents at numerous institutions.
Other reports add operational details from the exchange’s response. Cointelegraph says GOPAX suspends trading, deposits, and standard withdrawals, while still offering manual withdrawals through support. Yonhap’s coverage focuses on the withdrawals suspension and the disruption described by the exchange. Across outlets, the core facts are consistent: GOPAX reacts to hacking threats by restricting activity and moving assets to cold storage.
