SEOUL, Nov 7 — South Korean cryptocurrency exchange GOPAX said Friday it had suspended withdrawals and trading as an emergency measure following hacking threats, Yonhap News Agency reported.

The exchange said it halted withdrawals at 2.55pm and was transferring most of the assets held in its so-called hot wallets to cold wallets, which are not connected to the internet.

It also suspended trading at around 3.53pm.

GOPAX said it had yet to verify the credibility of the hacking threat but had taken precautionary action to protect customers’ assets.

No actual loss of assets had been reported, it added.

The company also temporarily suspended virtual asset deposits and disabled regular withdrawals…