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SEC lawsuit against Binance stalls Gopax acquisition deal in South Korea

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South Korean regulator is currently reviewing Binance’s acquisition of DCG-backed crypto trading platform Gopax after the SEC lawsuit.

Gopax halted withdrawals of principal and interest payments from its decentralized finance service GoFi in November 2022 after the.

Gopax halted withdrawals of principal and interest payments from its decentralized finance service GoFi in November 2022 after the
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.binance acquired a majority stake in Gopax in February, intending to reenter the South Korean crypto market after a two-year hiatus. The FSC has reportedly suspended Gopax’s executive change report filed on March 7, citing the recent SEC lawsuit.

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