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South Korean cryptocurrency exchange Gopax halted withdrawals and trading on Nov. 6 after receiving a hacking threat email, Yonhap reports. The exchange stopped withdrawals at 2:55 p.m., moved most hot-wallet assets to an offline cold wallet, and suspended virtual asset trading at 3:53 p.m., according to Kyunghyang Shinmun. The move was a preemptive response, with no actual hack confirmed yet, Dong-A Ilbo notes. The Chosun Ilbo adds that the suspension comes amid rising security concerns after a recent hacking incident at Binance reportedly caused up to $6.3 billion in damages. Korean media coverage focuses on the exchange's emergency asset-protection measures and the broader anxiety over crypto exchange security.