South Korean cryptocurrency exchange GOPAX froze withdrawals and trading over a hacking threat on November 6, Malay Mail reported, under a headline saying the exchange hit the panic button as hackers claimed a breach.
What the report says
The photo caption confirms that GOPAX froze withdrawals and trading on November 6. The headline adds that hackers claim to have breached the platform. The excerpt reviewed does not say how much, if any, customer money or data was affected, whether the claim has been verified, or when trading is expected to resume, so readers should look for official notices from the exchange and Korean regulators.
Why exchanges freeze services
When a possible security incident is detected, exchanges often suspend deposits, withdrawals and trading to prevent further losses while they investigate. Such pauses can be stressful for customers because they cannot move or sell assets while the freeze is in place.
Wider context
The news comes after the FBI blamed North Korean hackers last week for what was described as a record US$6 billion theft from Binance, which kept security in the spotlight for the crypto industry.
What users can do
Customers should follow official announcements only, avoid clicking on links in unsolicited messages and use strong, unique passwords with two-factor authentication.
Source: Malay Mail - GOPAX hits the panic button: South Korean crypto trading halts as hackers claim breach
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