GOPAX halts crypto trading, withdrawals to move all assets to cold storage
South Korea’s GOPAX suspended trading, deposits and standard withdrawals after a hacking threat, with manual withdrawals available through support.
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What happened
South Korea’s GOPAX suspended trading, deposits and standard withdrawals after a hacking threat, with manual withdrawals available through support.
Reported details
- Service Suspension: GOPAX halted deposits, standard withdrawals, and trading after receiving an email threatening a hack, though the exchange said no breach or theft had occurred. Asset Protection: The exchange plans to move all crypto assets into offline wallets and continues allowing withdrawals through manual support requests that may face delays.
Why this matters
Whether GOPAX reaches the custody and settlement layer depends on what it actually names. If it points at a custodian, a redemption term or a withdrawal rule, that is the layer where exposure lives, and the name and its timing are the parts worth checking. If it names none of those, this angle simply does not apply here, and reading custody risk into it would be an assumption rather than a finding.
Evidence boundary
On GOPAX, the scope is limited to what the linked 2 reports state, and where they diverge both positions are recorded without either being picked in advance; the headline figure is what to check first.
What to verify
If GOPAX names a custodian or a redemption term, check that name and its timing against the operator’s own documentation; if it names neither, there is nothing here to verify on that layer.
Sources and editorial check time
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Cointelegraph: https://cointelegraph.com/news/gopax-halts-crypto-trading-withdrawals-cold-storage
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Crypto Economy RWA: https://crypto-economy.com/gopax-freezes-withdrawals-amid-hack-threat/
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Editorial source check time: 2026-11-06T12:18:32.321Z
This information is educational and is not financial, legal, or tax advice.