Upbit, Bithumb, DigitalX Warn on GOPAX Withdrawals, May Restrict Transfers if Needed
Summary
- South Korea’s major cryptocurrency exchanges said they had urged users to use caution when making withdrawals related to the partial suspension of services at GOPAX.
- Upbit, DigitalX and Bithumb said they may restrict virtual-asset withdrawals to GOPAX depending on how the situation develops.
- GOPAX said it preemptively halted withdrawals to protect user assets after receiving a threatening email warning of a hack, and took emergency steps involving its hot wallet and cold wallet.
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South Korea’s major cryptocurrency exchanges warned users to use caution when withdrawing assets to GOPAX after the platform suspended some services.
On November 6, Upbit said GOPAX had temporarily halted cryptocurrency deposit, withdrawal and trading services, and that it was monitoring the situation. To protect users, Upbit said it may restrict cryptocurrency withdrawals to GOPAX if necessary.
DigitalX issued a similar notice the same day, citing the suspension of GOPAX’s deposit, withdrawal and trading services. Depending on how the situation develops, it may restrict withdrawals to GOPAX and will provide a separate notice on any changes.
Bithumb said GOPAX had temporarily suspended cryptocurrency deposit services from 2:55 p.m. on November 6, warning that assets sent to GOPAX may not be credited properly. It also said withdrawals to GOPAX could be restricted if needed to protect user assets.
Earlier, GOPAX said it had received a threatening email warning of a hack. To protect user assets, the exchange preemptively halted withdrawals and took emergency measures, including moving most assets from its hot wallet to a cold wallet.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.