GOPAX Suspends Trading and Withdrawals After Hacking Threat
South Korea’s GOPAX temporarily halted trading and transfers while moving customer tokens into offline cold storage following a hacking threat.
South Korea’s GOPAX temporarily halted trading and transfers while moving customer tokens into offline cold storage following a hacking threat. This is an original Token Times brief synthesising 3 outlets (Cryptopolitan, Crypto.news, Cointelegraph), plus live market data, as of Fri, 06 Nov 2026 17:00:02 UTC.
The suspension affects access to funds on a Binance-controlled exchange and illustrates how a security threat can trigger an operational shutdown even without confirmation of a successful hack. Moving assets offline may protect custodied holdings, while the halt limits users’ normal withdrawal routes.
- GOPAX suspended user trading and transfers after a hacking threat
- All customer tokens in the exchange’s custody were being moved to cold storage
- Manual withdrawals remain available through customer support
- Bitcoin fell 3.30% over 24 hours amid broad market weakness
Cryptopolitan, Crypto.news and Cointelegraph all report that South Korean exchange GOPAX suspended trading following a hacking threat and moved assets into cold storage. Crypto.news and Cointelegraph provide more detail on the operational restrictions, reporting that deposits and standard withdrawals were halted while manual withdrawals remained available through support. Cryptopolitan characterizes the suspension more broadly as covering all user trades and transfers and says GOPAX initiated the move to place 100% of customer tokens in its custody into offline storage. No outlet reports a confirmed successful hack or a restart timetable, and none contradicts the others on the central facts.
- GOPAX Suspends Trading and Withdrawals After Hacking Threat — this brief
- GOPAX Suspends Core Services After Extortion Threat, Moves Holdings Offline
GOPAX, the South Korean cryptocurrency exchange in which Binance holds a majority stake, announced on Friday, November 6 that it had suspended all user trades and transfers. The exchange described the pause as a temporary security measure taken in response to a hacking threat, with no successful compromise or loss of customer funds reported in the supplied coverage.
The shutdown affects the exchange’s main transactional channels. Cryptopolitan reported the broad suspension of user trades and transfers, while Crypto.news and Cointelegraph specified that trading, deposits and standard withdrawals were stopped. Both of those outlets also said customers could request manual withdrawals through GOPAX’s support team during the suspension.
The three outlets agree on the reason for the halt, the exchange’s decision to move assets into cold storage and the availability of a manual withdrawal route. Cryptopolitan adds the most precise custody figure, reporting that GOPAX sought to transfer 100% of customer tokens under its custody into offline wallets. Crypto.news and Cointelegraph emphasize the restrictions on deposits and withdrawals; otherwise, there is no material disagreement among the reports.
The announcement came from an exchange closely linked to Binance, although the supplied reporting does not say whether the major shareholder or Binance’s wider systems were involved in the threat. Moving customer tokens into cold storage separates them from systems that may be exposed online, but the immediate consequence for users is that normal trading and withdrawal activity remains unavailable while the security response is underway.
The wider market was broadly lower when the development was reported. Total cryptocurrency market capitalization stood at $2.61 trillion, 
Bitcoin was down 3.30% over 24 hours, and the Fear & Greed Index registered 28, placing sentiment in the “Fear” range. GOPAX’s suspension concerns an exchange rather than a named asset from the tracked coin list, so the market figures provide broader risk context rather than a direct price explanation. The operational focus now is whether withdrawals continue through support and when normal trading, deposits and standard withdrawals resume.
GOPAX Suspends Trading and Withdrawals After Hacking Threat — questions & answers
Why did GOPAX suspend trading and withdrawals?
GOPAX cited a hacking threat and said it was moving customer tokens in its custody into offline cold storage as a temporary security measure.
Can customers still withdraw funds from GOPAX?
Yes. Crypto.news and Cointelegraph report that manual withdrawals remain available through customer support, although standard withdrawals are suspended.
Did GOPAX confirm that customer funds were hacked?
The supplied coverage reports a hacking threat but does not identify a confirmed successful hack or an amount of customer funds lost.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cryptopolitan, Crypto.news, Cointelegraph, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.