GOPAX suspends withdrawals following hacking threats

The Korea Herald · Yonhap ·

South Korean cryptocurrency exchange GOPAX said Friday it had suspended withdrawals as an emergency measure following hacking threats. The exchange said it halt

South Korean cryptocurrency exchange GOPAX said Friday it had suspended withdrawals 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.

The precautionary measure was taken in response to hacking threats, and no actual loss of assets had been reported, GOPAX said.

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