Gopax Suspends Virtual Asset Services Amid Hacking Threats
The Chosun Ilbo · Yu Jun-ho ·
Gopax Suspends Virtual Asset Services Amid Hacking Threats Exchange relocates assets to cold wallets as security concerns rise after Binance hack and industry breaches
Domestic virtual asset exchange Gopax suspended all virtual asset deposits, withdrawals, and trading services on the 6th after receiving hacking threats. Security concerns in the virtual asset industry have grown amid a series of hacking and personal information leaks in the financial sector recently, as well as a hacking incident at the world’s largest virtual asset exchange, Binance, which resulted in damages worth approximately 6.3 billion dollars (about 8.4 trillion Korean won).
Gopax halted virtual asset deposits and withdrawals starting at 2:55 p.m. on the 6th, followed by a suspension of trading services at 3:53 p.m. The exchange reportedly received a threatening email from a group claiming to be hackers.
In a notice on its website, Gopax stated, “In accordance with financial authorities’ recommendations, we have taken preemptive measures to protect user assets and strengthen security.”
Read the full story at The Chosun Ilbo · All coverage of this story