(LEAD) GOPAX suspends withdrawals, trading following hacking threats

Yonhap News Agency · Kim Han-joo ·

SEOUL, Nov. 6 (Yonhap) -- South Korean cryptocurrency exchange GOPAX said Friday...

(ATTN: RECASTS headline, lead; UPDATES with details throughout)

SEOUL, Nov. 6 (Yonhap) -- South Korean cryptocurrency exchange GOPAX said Friday it had suspended withdrawals and trading as an emergency measure following hacking threats.

The exchange said it halted withdrawals at 2:55 p.m. and was transferring most of the assets held in its so-called hot wallets to cold wallets, which are not connected to the internet. It also suspended trading at around 3:53 p.m.

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