Gopax disclosed a security breach that began in September 2026 and went undetected until early October 2026, leaking personal data belonging to seven customers and two staff members

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Binance-owned Gopax suspended all user trades and transfers a week after Binance's $6.3 billion hack

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Binance itself outlined an elaborate timeline in which infiltrators used phoney job postings to deceive an engineer into downloading malicious code

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Binance has reopened withdrawals for over 62 tokens and aims to finish the job

South Korean financial regulations require domestic cryptocurrency exchanges to hold at least 80% of customer virtual assets in offline cold storage

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%

Gopax permitted customers to request manual token withdrawals via its customer support desk during its November 6 trading suspension, warning that manual verifications would cause processing delays

Binance and regulatory entities face ongoing legal and market monitoring as hackers systematically move stolen XRP assets

Market observers expect further conversion of stolen XRP to continue influencing XRP market pricing and regulatory responses from Binance

The threat against Gopax followed an October 29, 2026 exploit that drained approximately $6.3 billion from hot wallets of parent company Binance, which FBI investigations attributed to North Korean operators

South Korea's Financial Services Commission recommended that domestic crypto exchanges maintain continuous 24-hour monitoring of deposits and withdrawals and set aside additional reserve funds

South Korean crypto exchange Gopax suspended deposits and standard withdrawals at 05:55 UTC and halted all trading at 06:53 UTC on November 6, 2026, canceling all open orders

The Binance breach linked to North Korean hackers involved the theft of 233 million XRP, prompting hackers to convert the tokens to prevent freezing by issuers

South Korean regulators reported that Gopax held 80.54% of customer assets in cold storage at the end of September 2026, the lowest percentage among the country's major won-denominated crypto exchanges

Gopax suspended exchange operations after receiving an email threatening a potential hacking attack, stating that no hack or attempted theft of customer assets had occurred prior to the shutdown

The ongoing conversion of XRP stolen from Binance into Bitcoin contributed to short-term negative market sentiment and impacted XRP price prediction markets

South Korean crypto exchange Prabang suspended services after an October 24, 2026 hot wallet breach resulted in the theft of approximately 100 million won ($70,000) in virtual assets

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

Anchorage Digital added collateral management with automated margin calls to its Atlas platform in March and acquired Securitize's wealth management unit in December to serve registered investment advisors

The November 2026 WLFI token buyback program will be funded by an initial allocation that includes revenue generated from reserves backing World Liberty Financial's USD1 stablecoin