Gopax Suspends Trading and Transfers Customer Assets
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AI-assisted source synthesis · not an independent investigation.
On November 6, 2026, Gopax, a South Korean cryptocurrency exchange majority-owned by Binance, suspended deposits and withdrawals, trading, and transfers, canceled all unfilled orders, and transferred customer tokens in custody to cold wallets. Gopax stated that no theft had occurred on the platform and that the suspension was implemented based on recommendations from financial regulators, but it has not yet announced when operations will resume. The Financial Services Commission of South Korea had previously recommended raising the minimum proportion of exchange assets held in cold wallets from 80% to 99%. Data showed that Gopax's cold-wallet asset ratio was 80.54% in September this year, the lowest among South Korea's major Korean-won exchanges.
AI-written from reports · updated 7 hours ago
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- CryptopolitanBinance-controlled Korean exchange Gopax suspends all trading and transfers customer assets to cold wallets
Korean cryptocurrency exchange Gopax, in which Binance holds a majority stake, suspended deposits, withdrawals, trading, and transfers on November 6 and canceled all unfilled orders, transferring customer tokens under custody to cold wallets. Gopax said no theft had occurred on the platform and that the suspension was implemented based on recommendations from financial regulators; it has not yet announced when operations will resume. South Korea’s Financial Services Commission previously recommended raising the minimum proportion of exchange assets held in cold wallets from 80% to 99%; Gopax’s cold-wallet ratio was 80.54% in September, the lowest among South Korea’s major won-based exchanges.
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