GOPAX halts trading and withdrawals over hack threat, moves assets to cold storage

South Korean crypto exchange GOPAX has suspended trading, depositsДепозитA deposit is a transfer of money from a player or customer to their account with a casino, sportsbook, or exchange operator. Once the funds are credited, they become available for betting or trading. and standard withdrawalsВывод средствWithdrawal is the transfer of a player's or customer's balance from the platform's internal account to an external payment instrument: a card, e-wallet, bank account, or crypto wallet. following a hack threat, according to Cointelegraph. The exchange is also moving all of its assets to cold storage, the outlet reports.

Users who need to withdraw funds can do so manually through customer support. The available materials do not show how many assets are affected or when GOPAX plans to resume normal operations.

Details remain limited

No information is available on the nature or source of the threat. The story will be updated if GOPAX issues an official statement or new details emerge.