GOPAX suspends trading after hack threat, moves assets offline
6.7 Security GOPAX suspended trading, deposits, and withdrawals after a hack threat. Assets are moved to cold wallets. No theft occurred. Withdrawals are only via support, with possible delays.
South Korean cryptocurrency exchange GOPAX has temporarily suspended trading, deposits, and standard withdrawals after receiving an email threatening a potential hack. The suspension began with deposits and withdrawals at 5:55 am UTC (2:55 p.m. local time), followed by a halt in trading at 6:53 am UTC (3:53 p.m. local time), and the cancellation of all unfilled orders. GOPAX clarified that no actual hacking attempt or theft has been detected. The suspension is a precautionary measure to protect user assets. In accordance with recommendations from financial regulators and in response to recent cyberattacks on financial institutions, GOPAX is transferring most customer assets to offline cold wallets. While standard withdrawal channels are disabled, users can still request withdrawals through the support center, though manual verification may cause delays. The suspension comes amid increased regulatory pressure for exchanges to enhance security and store at least 80% of customer assets offline. No timeline for service restoration has been provided.
