The GOPAX withdrawal suspension took effect at 2:55 p.m. on November 6, 2026, after the cryptocurrency exchange received an email threatening a hack. The exchange is also moving most of the assets held in its hot wallet into offline storage as a precaution to protect user funds.

The halt is a preemptive security measure in response to the threat. No actual asset damage has been reported so far.

GOPAX said withdrawals from the exchange were suspended at the stated time. Its response combines that restriction with a transfer of assets away from its hot wallet.

GOPAX withdrawal suspension accompanies a cold wallet transfer

GOPAX is transferring most of its hot wallet assets to a cold wallet that is disconnected from the internet. The move forms part of the exchange’s emergency measures following the threatening email.

The destination matters to the security response: a cold wallet keeps the transferred assets offline. The reported transfer concerns most of the assets in the hot wallet, not all of the exchange’s holdings.

The reported position remains a preventive withdrawal halt and an asset transfer, with no actual asset damage reported so far.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she published a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector. As advisor, Amelia is also involved in metaverse-related project such as The Nemesis and OVER.