GOPAX halts operations to migrate assets to cold storage following a hacking threat, as South Korean regulators tighten cybersecurity requirements for domestic crypto exchanges.
A South Korean exchange suspended trading, deposits and withdrawals after a hack threat and is moving assets to cold storage, days after a $6.3 billion Binance hack prompted regulators to demand higher cold-wallet holdings. This adds to short-term security fears around crypto venues, a mildly negative backdrop for Bitcoin. However, no hack actually occurred and GOPAX is a mid-sized venue, so the direct market effect is limited.
No. A GOPAX representative said no hack or attempted theft had occurred; the exchange suspended services after receiving an email threatening a hack.
Yes, withdrawals can be requested through GOPAX's support center, but manual verification and approvals could delay processing.
South Korean crypto exchange GOPAX has halted all trading, deposits, and standard withdrawals after receiving a credible hacking threat. While the exchange confirmed no actual theft occurred, it is moving all customer assets to cold storage to comply with heightened regulatory security standards. Customers may still request manual withdrawals via the support center, though processing times are expected to be delayed.
No. A GOPAX representative confirmed that no hack or attempted theft occurred; the suspension was a precautionary measure following a threatening email.
Yes, customers can request withdrawals through the GOPAX support center, though the process is manual and may be subject to verification delays.