Binance-Controlled Korean Exchange GOPAX Stops Trading, Makes Users Email to Withdraw Crypto

Customers of GOPAX, a Korean exchange whose operator Streami is majority-owned by Binance , can now get crypto out only by emailing a request, after GOPAX switched off trading and crypto deposits on Friday while it moves every coin into cold wallets . GOPAX announced the shift in two notices, and neither says when normal service will return. At 2:55 p.m. local time (12:55 a.m. ET), GOPAX suspended all crypto deposits along with the regular withdrawal function on its website and app. Trading went dark at 3:53 p.m. (1:53 a.m. ET), and a follow-up notice said any orders still waiting to be matched had been canceled. Staff will check and approve each emailed request and process it by hand, so payouts could be slower than normal, the exchange said.

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