South Korean crypto exchange Gopax suspends all trading serv
On November 6, 2026, South Korean crypto exchange Gopax announced the suspension of all trading services and the transfer of all customer assets to cold wallets, citing frequent recent security vulnerabilities and data breach incidents at financial institutions. PANews and Odaily both cited a report by The Block and did not disclose a timetable for resumption or the scale of assets involved.
Event Timeline
- [11-06 09:00] South Korean crypto exchange Gopax suspended all trading services and transferred customer assets to cold wallets (PANews)
- [11-06 09:02] South Korean crypto exchange Gopax suspended all trading services and transferred user assets to cold wallets (Odaily)
Background and Impact
On November 6, 2026, South Korean cryptocurrency exchange Gopax announced the suspension of all trading services and the transfer of all customer assets to cold wallets. PANews published its report at 09:00 that day, and Odaily at 09:02; both media outlets noted in their articles that the source was The Block. As of the publication of the two reports, public information did not include the duration of the suspension or a timetable for resuming trading, nor did it disclose the number of users or the scale of assets involved.
According to the wording of the two media outlets, Gopax framed the move as a preventive security measure, citing frequent recent security vulnerabilities and data breach incidents at financial institutions. PANews’ headline used “suspend all trading services,” while Odaily used “pause all trading services”; this is only a wording difference. On the cause, handling method, and source, the two materials do not conflict, nor do contradictory figures appear. It should be noted that both reports cited The Block, and the original information came from the same source; no other independent source was seen in the materials supplementing or confirming the details.
In terms of handling, moving customer assets from an online environment to cold wallets reduces the risk of assets being exposed to the cyberattack surface; suspending all trading services means that, until resumption, users cannot buy or sell on the platform. Because the materials do not state the progress of the cold wallet transfer, whether withdrawal channels are retained, or the conditions for lifting