GOPAX suspends trading and withdrawals after hack threat, shifts assets to cold wallets

South Korean cryptocurrency exchange GOPAX temporarily stopped trading, deposits, and standard withdrawals on Friday after receiving an email threatening a potential cyberattack, according to Kyunghyang Shinmun. The precautionary measure marks the latest response from local exchanges to increasing regulatory and security pressures. GOPAX stated it suspended deposits and standard withdrawals at 5:55 am UTC, followed by a halt in trading at 6:53 am UTC. The exchange also canceled all unfilled orders on the platform. A GOPAX representative told Kyunghyang Shinmun that, as of the time of the announcement, there had been no actual hacking attempt or theft detected. The suspension, the exchange emphasized, was purely precautionary but necessary in light of the threat and recent incidents in the financial sector.

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