South Korea’s GOPAX Halts Trading and Withdrawals After Hacking Threat

The detail that matters here is the response pattern, not the threat itself: a full trading halt, deposits frozen, and only manual withdrawals routed through support, with assets shifted to cold storage. That combination signals the exchange is treating this as credible rather than precautionary, and it puts the burden of access squarely on customers of a smaller venue with less operational slack. The open question is how long manual processing can substitute for normal withdrawal rails, and whether the threat proves to be isolated or part of a broader campaign against smaller Korean platforms.