TREE NEWS update: GOPAX, the South Korean crypto exchange controlled by Binance, has stopped trading and now processes crypto withdrawals only through emailed requests to its support desk. The exchange cited a recommendation from financial authorities and did not give a date for reopening. Users must contact support by email to withdraw their crypto assets.
Binance-Controlled GOPAX Halts Trading, Requires Email Requests for Crypto Withdrawals
The operative signal here is process, not policy: routing withdrawals through emailed support requests turns a routine function into a manual, discretionary channel, which is exactly the kind of friction that tests user confidence during a halt. South Korea's regulatory recommendation gives the exchange cover, but the absence of a reopening date leaves depositors dependent on an opaque queue. The question worth watching is whether this stays a short administrative pause or becomes a longer wind-down pattern for Binance's Korean foothold — and whether other exchanges under similar regulatory pressure adopt the same email-request template.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.