South Korean cryptocurrency exchange GOPAX halted withdrawals in the afternoon of November 6 after receiving hacking threats, according to Yonhap. The exchange said it moved most assets from hot wallets into cold storage as a precaution and then suspended trading later the same afternoon.
GOPAX told Yonhap it had not confirmed any actual loss of customer assets at the time of the announcement. The report does not identify who made the threat, whether it is credible, or what specific vulnerability or attack method was alleged.
Separately, Yonhap cited South Korea's Financial Services Commission as saying cybersecurity incidents had been confirmed at 37 financial institutions nationwide, affecting roughly 470,000 customer records. It is not stated in the report whether these incidents are connected to the GOPAX threat.
As of the report, it remained unclear when GOPAX would restore withdrawals and trading. The identity of the party behind the threat, the scope of any intrusion, and details of the incidents at the other 37 institutions were not disclosed in the available reporting.
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News, not financial advice. Memecoins carry substantial risk. Market snapshots can change quickly. This story was produced by the Block FOMO desk with AI assistance and checked against its sources. Editorial policy.