Hot wallet risk stories

Nov 6, 2026

Gopax halts all trading and withdrawals after hacking threat

South Korean crypto exchange Gopax, majority-owned by Binance, suspended all user trades, deposits and withdrawals after receiving hacking threats, transferring assets from hot wallets to cold storage as a precaution.

Nov 6, 20264 sources

Top claims

▪Gopax announced it initiated the platform suspension to transfer 100% of customer virtual assets in its custody into offline cold storage wallets in accordance with South Korean financial authorities' recommendations
▪South Korean exchange Bithumb suffered an October 27, 2026 data breach that compromised personal information belonging to 6,444 customers and 715 employees
▪Following the October 29, 2026 Binance exploit, South Korea's Financial Services Commission proposed raising the minimum cold storage holding requirement for domestic exchanges from 80% to 99%

Subtopics

Centralized exchange security1 Crypto custody1 Crypto exchanges1 Crypto hacks1 Crypto regulation1 Crypto security1

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