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South Korean Exchange GOPAX Halts Crypto Trading and Withdrawals for Cold Storage Move
(4 hours ago) · 1 source · Summarized by CryptoBipto
GOPAX, a South Korean cryptocurrency exchange, has halted all crypto trading and withdrawals. The exchange stated it is moving all assets to cold storage, effectively freezing user access to funds on the platform.
WHY IT MATTERS
When a crypto exchange halts trading and withdrawals, it means users cannot move or sell their cryptocurrency held on that platform.
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SOURCES
- cointelegraph.com
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Exchange SuspensionCold StorageUser FundsSouth KoreaCrypto Exchanges