South Korean cryptocurrency exchange GOPAX has temporarily suspended all crypto trading, deposits, and standard withdrawals in response to a hacking threat. According to CoinTelegraph, the exchange is moving all user assets to cold storage as a precautionary measure to enhance security.
While standard withdrawals are on hold, GOPAX continues to offer manual withdrawal services through its customer support channels. This step aims to safeguard user funds while maintaining limited access to assets during the heightened security period.
For Japanese investors, this incident underscores the ongoing risks exchanges face in the crypto space and highlights the importance of stringent security measures, especially as digital asset adoption grows across Asian markets.