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GOPAX Suspends Crypto Trading and Withdrawals Amid Hacking Threats

GOPAX Suspends Crypto Trading and Withdrawals Amid Hacking Threats

First seen 6 Nov 2026, 15:15 UTC • •
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ThreatCluster AI
ThreatCluster •November 6, 2026 at 15:16 UTC
  • •GOPAX suspended trading and withdrawals after receiving a hacking threat.
  • •No actual asset loss has been reported, but precautionary measures are in place.
  • •The incident follows increased regulatory scrutiny of cybersecurity in South Korea.

South Korean cryptocurrency exchange GOPAX has suspended trading, deposits, and standard withdrawals following a hacking threat received via email. The exchange halted withdrawals at 2:55 p.m. and trading at 3:53 p.m. on November 6, 2026. Although no actual loss of assets has been reported, GOPAX is transferring most assets from hot wallets to cold storage as a precaution. The credibility of the hacking threat has not been verified, but the exchange is prioritizing customer asset protection. This incident follows a series of cybersecurity breaches in the South Korean financial sector, prompting regulatory scrutiny. Customers can still request withdrawals through support, but processing may be delayed due to manual verification. The Financial Services Commission has previously urged exchanges to enhance cold wallet holdings in light of recent hacking incidents.

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Timeline

2026-11-06
GOPAX halts withdrawals and trading
GOPAX suspended trading and withdrawals after receiving an email threat, prioritizing customer asset protection.
En.Yna.Co.Kr
2026-11-06
Assets transferred to cold storage
The exchange began transferring assets from hot wallets to cold storage as a precaution against potential hacking.
Cointelegraph

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Common questions

What should customers do now?
Customers should monitor communications from GOPAX and consider requesting manual withdrawals if necessary.
Is there a risk of asset loss?
Currently, no asset loss has been reported, but the situation is being closely monitored.
How long will the trading suspension last?
The duration of the trading suspension is uncertain and will depend on the verification of the hacking threat.