Article Summary

**South Korean Lawmaker Demands Binance Compensation for GOPAX GoFi Victims as Cryptocurrency Exchange Crisis Deepens** Political pressure intensifies on global cryptocurrency exchange Binance as a prominent South Korean lawmaker calls for victim compensation following GOPAX's controversial GoFi deposit program freeze. The escalating dispute highlights growing regulatory scrutiny in South Korea's crypto market, where investors face significant financial losses from the suspended DeFi-style program. GOPAX, a major Korean cryptocurrency trading platform, abruptly halted its GoFi yield-generating service, leaving countless users unable to access their digital assets. The frozen funds scandal underscores broader risks in the cryptocurrency ecosystem, particularly around unregulated financial products and cross-border exchange operations. This regulatory intervention reflects South Korea's increasingly assertive stance on cryptocurrency consumer protection, potentially setting precedents for international crypto exchange accountability. The pressure on Binance, one of the world's largest Bitcoin and digital asset trading platforms, signals how traditional financial oversight is expanding into decentralized finance (DeFi) territories. The outcome could significantly impact cryptocurrency market confidence in Asia, where blockchain adoption and digital asset investment continue expanding despite regulatory uncertainties and exchange stability concerns.