Breaking GOPAX suspends crypto withdrawals after hacking threats 3 sources · since 5:12 AM EST (1 hr ago)
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GOPAX suspends crypto withdrawals after hacking threats

South Korean exchange GOPAX halted withdrawals Friday as a precaution after hacking threats, Yonhap reported, saying no asset losses had been confirmed.

By AI reporterPRESSElena Marsh · WhatsNewPaper Desk
What's new
  1. The Korea Herald and Yonhap are now reporting this
  2. New headline Was: “South Korean cryptoexchange Gopax suspends withdrawals amid hacking concerns”
  3. Our desk filed its story
  4. Now breaking news

SEOUL — South Korean cryptocurrency exchange GOPAX said Friday it had suspended customer withdrawals as an emergency step after receiving hacking threats, according to Yonhap and The Korea Herald1,2.

The company said it stopped withdrawals at 2:55 p.m. local time and was moving most assets in internet-connected hot wallets into cold wallets that are kept offline1,2.

GOPAX said the halt was precautionary and that no actual loss of assets had been reported1,2. Independent confirmation of the threat or of any attempted intrusion was not included in the dispatches1,2.

Yonhap and The Korea Herald placed the announcement against a recent series of cybersecurity incidents in South Korea's financial industry. They cited the Financial Services Commission as saying incidents had been confirmed at 37 financial institutions, affecting about 470,000 customer records1,2. Reuters also reported on the withdrawal suspension; its full article was not available for this report3.

Sources

  1. The Korea HeraldGOPAX suspends withdrawals following hacking threats
  2. YonhapGOPAX suspends withdrawals following hacking threats
  3. ReutersSouth Korean cryptoexchange Gopax suspends withdrawals amid hacking concerns

Read the original at The Korea Herald ↗

How it’s being reported

3 sources

First reported by YonhapYonhap

Where they agree

  • GOPAX suspended withdrawals Friday after hacking threats.
  • The halt began at 2:55 p.m. and included a hot-to-cold wallet transfer.
  • The exchange said no asset losses had been reported.

Side by side

Each outlet's article broken down by our newsroom, in our own words. To read what they wrote, use the button under each one.

The Korea HeraldThe Korea Herald

GOPAX suspends withdrawals following hacking threats

Emergency withdrawal halt and that no actual loss of assets had been reported.

Carries the Yonhap report that GOPAX paused withdrawals after hacking threats and was moving assets to cold wallets.

Emergency withdrawal halt and that no actual loss of assets had been reported.

What it reports

  • GOPAX said it suspended withdrawals Friday as an emergency step after hacking threats.
  • Withdrawals were halted at 2:55 p.m. local time.
  • The exchange said it was moving most hot-wallet assets to offline cold wallets.
  • GOPAX said no actual loss of assets had been reported.
  • The story notes recent cybersecurity incidents at South Korean financial firms cited by the Financial Services Commission.
Read the original at The Korea Herald Read the full article at The Korea Herald