Data Leak Hits Two South Korean Crypto Exchanges, Gopax and Pravang

what happened

Data leaks have hit two South Korean crypto exchanges, Gopax and Pravang, RBC reports, citing News1. About 100,000 records of personal data have already been confirmed as leaked. Gopax is one of the country's large centralized platforms, founded in 2016, and a controlling stake in it belongs to Binance. Pravang is a less well-known local platform.

The incident is part of a wave of cyberattacks that hit the country this autumn. According to authorities and media, 16 financial institutions were targeted, including the four largest commercial banks: Shinhan Bank, KB Kookmin Bank, Hana Bank and Woori Bank. The investigation began in October. Reuters reports that President Lee Jae-myung said artificial intelligence was used in the attacks.

The amount of damage to the two exchanges has not yet been determined. No thefts of user assets have been reported.

why it matters

South Korea remains one of the world's largest and most active crypto markets, with 11.1 million accounts on local exchanges by the end of 2025 against a population of about 50 million. Incidents like this matter for markets because they affect user trust in trading platforms, although the report does not describe any direct effect on prices.

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