Crypto exchange Gopax suspends withdrawals, trading following hacking threats

South Korean cryptocurrency exchange Gopax has suspended withdrawals and trading following hacking threats, according to a report by Korea JoongAng Daily. The report did not provide further detail in the available information on the nature of the threats, the affected systems, or the expected duration of the suspension.

The halt means users are temporarily unable to trade assets on the platform or withdraw funds while the exchange addresses the situation. Such measures are commonly used by digital-asset platforms during potential security incidents to limit operational risk and prevent unauthorized activity while systems are reviewed.

Gopax is a cryptocurrency exchange operating in South Korea, where exchanges face heightened scrutiny over customer protection, security controls and the handling of virtual-asset transactions. The development underscores the operational importance of cybersecurity for exchanges, which hold or facilitate access to customers’ digital assets.

The available report does not indicate whether any assets were lost, whether user accounts were affected, or when Gopax plans to resume normal services. Users will be watching for further updates from the exchange on security checks, the status of withdrawals and trading, and any additional steps taken in response to the threats.