Crypto
South Korean crypto exchange GOPAX suspends withdrawals amid hacking threats
South Korean cryptocurrency exchange GOPAX has suspended withdrawals as a precautionary measure following hacking threats, media reports said.
The exchange said it halted withdrawals at 2:55 pm and was transferring most of the assets held in its so-called hot wallets to cold wallets, which are not connected to the internet, South Korea's Yonhap News Agency reported.
Despite receiving hacking threats, the exchange has not reported any actual loss of assets so far.
South Korea's financial sector has witnessed several cybersecurity incidents in recent times.
The Financial Services Commission had earlier said that cybersecurity incidents had been confirmed at 37 financial institutions, affecting approximately 470,000 customer records, the news agency reported.
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