South Korean cryptocurrency exchange Gopax announces suspension of all trading services and transfer of all customer assets to cold wallets

As reported by 深潮 TechFlow, on November 6, South Korean cryptocurrency exchange Gopax issued an announcement stating that, in light of recent data breaches and hacking incidents at financial institutions, the platform is taking preventive security measures in accordance with recommendations from financial regulators. All cryptocurrency trading services will be suspended from 15:53 on November 6 (KST), and all unfilled orders will be canceled. Prior to this, the platform had already suspended cryptocurrency deposit and withdrawal services.

Gopax said that all customer cryptocurrency assets will be transferred to cold wallets for safekeeping. During the suspension, users cannot withdraw directly through the website or App; they must submit a request via customer support email. Withdrawals will be processed manually in sequence after internal review and approval, and withdrawal times may be extended.

Source: 深潮 TechFlow