Korean media: Binance sold Gopax’s Genesis asset claims at a discount, causing Gopax to suffer losses

Binance, the largest shareholder of cryptocurrency exchange Gopax, once sold Gopax's Genesis asset claims at less than half the face value. It is reported that Binance initially promised to compensate investors for 100% of the losses (about 70 billion won at the time) suffered due to the suspension of the virtual asset deposit service "GoFi" last year. However, Binance did not use its own funds to compensate the victims, but compensated by selling the victims' asset claims at a discount. Binance sold Gopax's Genesis asset claims at less than half the price. Since then, virtual asset prices have soared, and Gopax has suffered losses of at least tens of billions of won. (Hankyung)