A post by @WatcherGuru on X.
JUST IN: South Korean crypto exchange Gopax halts withdrawals following hacking threat.
@WatcherGuru on X
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South Korean crypto exchange Gopax halted withdrawals after flagging a hacking threat. The exchange, one of the country's smaller won-market venues, froze customer withdrawals as a precaution while it investigated the threat. The move matters because it tests depositor confidence in a market still rebuilding trust after a string of 2022–2023 exchange failures, and because Gopax's ties to Binance make any prolonged disruption a regional liquidity concern. Watch for Gopax's post-mortem on whether funds were ever at risk, the timing of withdrawal resumption, and whether the halt spreads to peer Korean exchanges.
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Named in this story
Gopax, South Korea