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BackGOPAX suspends withdrawals following hacking threats
GOPAX suspends withdrawals following hacking threats
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Korea Herald18 minutes agoTech1 min readSouth Korea

GOPAX suspends withdrawals following hacking threats

gopaxcryptocurrencyhacking

Quick Look

  • South Korean crypto exchange GOPAX suspended withdrawals on Friday as an emergency measure following hacking threats, transferring hot wallet assets to cold storage.
  • No asset losses were reported.

AI-generated summary

Why It Matters

South Korean financial sector has recently faced a series of cybersecurity incidents.

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South Korean cryptocurrency exchange GOPAX said Friday it had suspended withdrawals as an emergency measure following hacking threats.

The exchange said it halted withdrawals at 2:55 p.m. and was transferring most of the assets held in its so-called hot wallets to cold wallets, which are not connected to the internet.

The precautionary measure was taken in response to hacking threats, and no actual loss of assets had been reported, GOPAX said.

The South Korean financial sector has recently been hit by a series of cybersecurity incidents.

The Financial Services Commission earlier said cybersecurity incidents had been confirmed at 37 financial institutions, affecting approximately 470,000 customer records. (Yonhap)

Open Questions

  • When will withdrawals resume?
  • What was the source of the hacking threats?

Related Topics

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OrganizationsGOPAXFinancial Services CommissionYonhap
PlacesSouth Korea
Topicscryptocurrencyhackingsouth koreacybersecurityfinancial services commission
This article was originally published by Korea Herald.

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Following Europe, the United States is also on alert... โ€œRisk of cyber attack on refrigerated and frozen facilitiesโ€

The U.S. government warned that the threat of cyber attacks on industrial refrigeration and refrigeration systems continues. FBI, CISA, etc. said that hackers were targeting security vulnerabilities in thermostats and urged the separation of related equipment from the Internet network and internal network.

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