Overview
- Gopax temporarily suspended trading and deposit and withdrawal services on Friday after receiving credible threats of a potential hacking attack.
- The company announced it will transfer all customer-held virtual assets to offline cold wallets to reduce exposure while its systems are secured.
- Gopax said the preventive steps followed advice from South Korean financial authorities and aim to protect customer funds and restore system integrity.
- Short-term risk for the sector rose after a reported theft on Oct. 24, Bithumb’s Oct. 27 data breach affecting thousands, and Binance’s Oct. 29 hacking incident with large reported losses.
- Gopax is majority-owned through Streami by Binance, a stake formally recognized by the FIU in October 2025, and regulators and customers will watch whether services resume and how other Korean exchanges respond.