South Korean crypto exchange GOPAX suspended trading, deposits and standard withdrawals Friday after receiving an email threatening a hack, according to local newspaper Kyunghyang Shinmun.
A GOPAX representative told the newspaper that no hack or attempted theft had occurred at that point.
GOPAX said it halted deposits and standard withdrawals at 5:55 am UTC. Trading stopped at 6:53 UTC, according to a second announcement. All unfilled orders were canceled.
GOPAX said it plans to transfer all crypto assets to offline wallets to protect users following a series of leaks and hacking incidents affecting financial institutions. Its notices cited financial regulators’ recommendations.
Cointelegraph reached out to GOPAX for comment but had not received a response by publication time.Â
Customers can still request withdrawals through GOPAX’s support center, but the exchange warned that manual verification and approvals could delay…
