Choose Rich Live
Crypto News

South Korean crypto exchange Gopax suspends services to move assets to cold storage

South Korean cryptocurrency exchange Gopax has halted trading, deposits, and standard withdrawals to shift customer assets into offline cold storage following security threats.

A screenshot of the Gopax withdrawal interface displaying a pop-up notice stating that withdrawals are temporarily suspended due to security concerns.
Image: @cryptorover

South Korean cryptocurrency exchange Gopax has temporarily suspended trading services, deposits, and standard digital asset withdrawals as a precautionary security measure. According to notices and reports from outlets including The Block and Cointelegraph, the platform made the decision in order to transfer customer assets from hot wallets into cold storage.[2][5][6][7]

In an official notice, Gopax stated that deposits and app-based withdrawals were suspended effective Nov. 6, 2026, at 14:55 KST. While automated withdrawals via the web and mobile app are unavailable, manual withdrawal requests remain possible through the exchange's customer support center. The platform also scheduled a temporary suspension of customer trading services.[2][7]

The platform cited recent data leaks and security incidents across financial institutions, alongside recommendations from financial regulators, as reasons for taking preemptive measures. In addition, outlets including Crypto Briefing and Watcher Guru, as well as analyst Crypto Patel, reported that the suspension followed a hacking threat email sent to the exchange. Crypto Patel noted that no confirmed breaches or customer fund losses have occurred. Gopax, which secured investment from Binance in 2023, has not yet announced a timeline for resuming normal operations.[1][2][3][4][5][6][7][8]

Key facts

  • Gopax suspended deposits and standard app and web withdrawals effective Nov. 6, 2026, at 14:55 KST.
  • The exchange suspended services to migrate customer assets into offline cold storage.
  • Manual withdrawals remain accessible through Gopax customer support.
  • Crypto Patel reported the suspension followed a hacking threat email, with no confirmed breach or loss of customer funds.
  • Gopax cited recent data leaks and hacking incidents at financial institutions as a rationale for the protective measures.
  • Binance previously invested in Gopax in 2023.

Sources 路 8 sources

  1. WG

    Watcher.Guru@WatcherGuruPost on X 路

    JUST IN: 馃嚢馃嚪 South Korean crypto exchange Gopax halts withdrawals following hacking threat.

    Open source
  2. CP

    Crypto Patel@CryptoPatelPost on X 路

    BREAKING: South Korean exchange GOPAX halts deposits, withdrawals and trading after receiving a hacking threat email. The exchange is moving assets from hot wallets to cold storage. No confirmed breach or customer fund losses so far. https://t.co/eIchlkNAGj

    Open source
  3. KC

    Kalshi Crypto@Kalshi_CryptoPost on X 路

    JUST IN: South Korean crypto exchange Gopax pauses withdrawals following hacking threat

    Open source
  4. CB

    Crypto Briefing@Crypto_BriefingPost on X 路

    馃毃NEW: South Korean crypto exchange Gopax has suspended deposits, withdrawals and trading after receiving hacking threats. https://t.co/f5Zhc3BliQ

    Open source
  5. CR

    Crypto Rover@cryptoroverPost on X 路

    馃毃 ANOTHER CRYPTO EXCHANGE HAS HALTED WITHDRAWALS. South Korean exchange GOPAX has suspended withdrawals over hacking concerns. The exchange is moving most of its funds into offline storage to protect customer assets. Binance invested in GOPAX back in 2023, and now, just days after the reported Binance hack, GOPAX has announced this precautionary suspension. No timeline has been announced for withdrawals to resume.

    Open source
  6. TB

    The Block@TheBlockCoPost on X 路

    THE BLOCK: South Korean crypto exchange Gopax announced it will halt all trading services to move all customer assets to cold wallets, citing recent security breaches and data leaks at financial institutions. https://t.co/Imw8abOgqn

    Open source
  7. CT

    Coin TelegraphArticle 路

    GOPAX halts crypto trading, withdrawals to move all assets to cold storage South Korea鈥檚 GOPAX suspended trading, deposits and standard withdrawals after a hacking threat, with manual withdrawals available through support.

    Open source
  8. CB

    Crypto BriefingArticle 路

    Binance-backed exchange Gopax halts trading after receiving hacking threats Gopax's suspension highlights the urgent need for enhanced cybersecurity measures in the cryptocurrency sector to protect investor assets. The post Binance-backed exchange Gopax halts trading after receiving hacking threats appeared first on Crypto Briefing .

    Open source