South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat
By Micah Zimmerman
AI summary of the source article
South Korean crypto exchange Gopax suspended trading and standard withdrawals after receiving a hacking-threat email. The platform is moving all virtual assets to offline cold wallets and processing customer withdrawals manually through support to protect funds.
Why it matters
Gopax stated the precautionary measure is "intended to prevent financial incidents and protect user assets" and "meant to shrink the surface available to anyone who can reach online systems."
Key facts
- Gopax suspended trading and standard withdrawals on Friday after receiving an unverified hacking-threat email, with no asset loss reported.
- All virtual assets are being moved to offline cold storage to secure customer funds.
- Direct withdrawals via website and app are disabled, requiring manual processing and internal verification via customer support.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat South Korea's Gopax halted standard withdrawals at 2:55 p.m. and trading at 3:53 p.m. Friday after a hacking-threat email, and is transferring all held assets to cold wallets with no loss reported so far. This post South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacki…