🚨 GOPAX halts withdrawals and trading after hack threat... but no losses!

📊 Official news:

• GOPAX (South Korea) received a threatening email warning of a hack

• Action: Withdrawals and deposits halted at 2:55 p.m.

• Trading halted at 3:53 p.m.

• All assets moved to cold wallets

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🔍 Important details:

✅ The threat has not yet been confirmed (no actual hack)

✅ No losses have been confirmed

✅ Regular withdrawals are suspended... but manual withdrawals are available through support

⚠️ There is no set date for services to resume

📊 Context:

• GOPAX is the platform Binance invested in in 2023

• This action comes days after the Binance hack ($6.3 billion)

• South Korea is tightening oversight of platforms following a series of hacks

💡 What does this mean?

✅ Platforms are becoming more cautious before disaster strikes

⚠️ But this affects customers’ liquidity (their funds are stuck)

📊 Follow GOPAX news... if the threat is real, it could spread to other platforms

📊 What exactly happened?

  • The threat: On Friday, November 6, the South Korean GOPAX exchange received a threatening email from a group claiming it could hack the platform, but the threat has not yet been confirmed.

  • Precautionary measure: The platform decided to halt withdrawals and deposits at 2:55 p.m. and trading at 3:53 p.m. as a precaution to protect customers’ funds.

  • Asset transfer: It began moving all assets from hot wallets to cold wallets that are not connected to the internet.

  • Losses: No losses have been confirmed so far. The platform said it prioritizes protecting customers’ assets, even if that causes inconvenience.

🔍 Important details (for accuracy)

  • Manual withdrawals: Regular withdrawals from the website and app are suspended. Customers who want to withdraw must submit a request to customer support, and it will be processed manually after verification.

  • Timeline: There is no set date for services to resume. The platform said it is still verifying the credibility of the threat.

  • Important context: This action comes days after the Binance hack ($6.3 billion). GOPAX is the platform Binance invested in in 2023, acquiring a majority stake to rescue it from the GoFi crisis.

💡 Why does this matter?

  1. The difference between a “threat” and a “hack”: GOPAX was not hacked; it simply took precautions. This shows that the platform is learning from others’ mistakes.

  2. Connection to Binance: GOPAX is linked to Binance, which was hacked just days earlier. This precautionary measure is expected in the current climate.

  3. Transparency: The platform openly said that the threat has not been confirmed and that it is willing to inconvenience customers to protect them. This demonstrates credibility.

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