Question 1

Why did Gopax halt trading and withdrawals?

Accepted Answer

Gopax said it acted on financial authorities' recommendation to protect user assets and strengthen security, moving all customer crypto into offline cold wallets after recent hacks and a data leak.

Question 2

How much of its assets did Gopax keep in cold storage?

Accepted Answer

Gopax held 80.54% of assets in cold storage at the end of September, the lowest among South Korea's major won exchanges and just above the 80% legal minimum.

Question 3

How can Gopax users withdraw funds during the suspension?

Accepted Answer

Users must email the support desk at help@gopax.co.kr, and each request is manually reviewed and approved, so withdrawals take longer than usual, the exchange said.

Digital X

Binance-owned Gopax halts all trading a week after Binance’s $6.3 billion hack

One sharp brief.
Every day.

Digital X

Binance-owned Gopax halts all trading a week after Binance’s $6.3 billion hack

One sharp brief.Every day.

One sharp brief.
Every day.