GOPAX halts crypto trading, withdrawals to move all assets to cold storage
Summary
South Korean exchange GOPAX halted trading, deposits and standard withdrawals after receiving an email threatening a hack, while saying no theft had occurred. It plans to move crypto assets into offline wallets, citing regulators’ recommendations. Customers can request withdrawals through support, though manual checks may delay them. The move followed a Financial Services Commission call for exchanges to strengthen cold storage after a reported $6.3 billion Binance hack; South Korean exchanges must keep at least 80% of customer assets offline. Separately, exchange Prabang suspended services after abnormal hot-wallet withdrawals and reported losses of about $70,000, which it said it would reimburse.
