Gopax Pays 37% of Unpaid Gopay Deposits

Domestic virtual asset exchange Gopax has decided to pay users a portion of the unpaid deposit amount of the virtual asset deposit service Gopay.

On the 24th, Gopax announced through the 'Second Payment Notice for Customers with Delayed Gopay Withdrawals' that "On February 3rd of this year, we signed an Industrial Recovery Fund (IRI) investment agreement with Binance and completed the first payment on February 7th based on the order of Gopay withdrawal requests through the first liquidity supply." They added, "After consultations with shareholders, we have decided to proceed with the second payment of Gopay, corresponding to 37.31% of the unpaid Gopay deposit amount per customer and the fixed interest accrued to date."

The payment will begin at 3 PM on the same day, and the recipients are all customers experiencing delayed Gopay withdrawals.

Previously, due to the bankruptcy of the global exchange FTX last year, Genesis Trading, which operated Gopay, halted new loans and redemptions, leaving Gopax unable to pay assets worth approximately 56.6 billion KRW. Binance, the world's largest exchange by global market share, proposed acquiring Gopax on the condition of supplying liquidity for the withdrawal of Gopay deposited assets. Binance injected some funds earlier this year but stated that the remaining amount would be paid once the financial authorities approve the change of virtual asset service provider (VASP) registration.

This content was produced with the assistance of AI translation services.