News · Security & Hacks
The exchange suspended platform operations to transfer all assets to cold storage after receiving an extortion email.
Key point 1 of 3
01
GOPAX halted deposits, trading, and automated withdrawals on Nov. 6 after receiving an email threatening a cyberattack.
Key point 2 of 3
02
The exchange confirmed no breach occurred and announced plans to move all client crypto assets into offline cold storage wallets.
Key point 3 of 3
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Financial Supervisory Service records showed GOPAX held 80.54% of user assets offline in September, marginally above the 80% legal floor.
Context
South Korean regulators have tightened oversight following a string of security incidents, including an October FSC audit identifying cybersecurity weaknesses across 130 financial…
Why it matters
GOPAX users face transaction delays with trading halted and manual withdrawal processing required through support desks.
What to watch
Confirmation of when GOPAX finishes cold storage transfers and re-enables regular order matching and automated withdrawals.
Sources
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