South Korean crypto exchange Gopax announces it will suspend all trading services and transfer all customer assets to cold wallets
The Block reported that South Korean crypto exchange Gopax announced it will suspend all trading services and transfer all customer assets to cold wallets. The platform said the move is in response to recent security incidents and data breaches involving financial institutions.
Multiple reports said Gopax has carried out the measure in accordance with the recommendations of financial regulators. The platform has suspended deposits, withdrawals, and trading, and unfilled orders have been canceled. Users may apply for withdrawals individually through the customer service email address, which will be handled through manual review.
Gopax has not yet announced when services will resume. South Korean regulations require exchanges to keep at least 80% of customers' crypto assets in cold wallets.
Original source:
Title: THE BLOCK: South Korean crypto exchange Gopax announced it will halt all trading services...
Publisher: The Block (@TheBlockCo)
Publication date: 2026-11-06
URL: https://x.com/TheBlockCo/status/2118629972164186124
Source type: media report
Verification status: original post and multiple reposts read
Supporting content: Gopax suspends trading, transfers assets to cold wallets, cites recent security incidents
ABAB AI Insight
The Block reported that Gopax announced the suspension of trading services and the transfer of customer assets into cold wallets. The platform linked this to recent security incidents and data breaches involving financial institutions.
Public information shows that South Korean financial regulators had previously recommended local exchanges increase the proportion of assets kept in cold wallets. Gopax's cold-wallet ratio had previously been near the statutory minimum.
From the structure of the report, this is a temporary security adjustment made in accordance with regulatory recommendations. It does not involve independent confirmation of specific asset losses or an attack vector.
Structurally, the report focuses on the service suspension and asset transfer arrangements. No resumption time or direct impact on other exchanges was disclosed.
ABAB News · Cognitive Law
The Block reported that Gopax announced it will suspend all trading services and transfer customer assets to cold wallets.
The platform said the move is to respond to recent security incidents and data breaches involving financial institutions.
Multiple reports said Gopax has carried out the measure in accordance with regulatory recommendations, and has not yet announced a resumption time.