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2024.10.08

Gopax's Offer To Reimburse GOFI Investors Is Faced With Great Opposition From Its Investors.

Gopax's offer to reimburse GOFI investors at last year's January rate (28 million won per bitcoin) has been met with strong investor opposition, complicated by Binance's negotiations to sell its stake in Gopax as it approaches the December deadline for renewing its virtual asset business license. The buy-in of high-frequency investors has become a key factor in Gopax's survival, but the clock is ticking and both sides are facing tough decisions. 

MegaZone is considering acquiring Gopax, but it needs to resolve the GOFI debt issue first, adding to the severity of the situation as failure to obtain investor consent could lead to the collapse of the deal and the loss of Gopax's status as a cryptocurrency business. In response, Ohoon Kwon, the managing partner lawyer at Cha & Kwon Law Offices, pointed out that Gopax's offer for reimbursement is arbitrary and lacks legal validity, explaining that investors should receive their money back in cryptocurrency or converted to market value at the end of the lawsuit.

This situation highlights the balance between regulation and investor protection in the cryptocurrency market, and the conflict between corporate survival and investor interests, and suggests that all parties involved are facing pressure to make careful and swift decisions under time constraints. How this case is resolved in the future may set an important precedent for the regulatory environment and investor protection policies in the domestic virtual asset industry.

 

URL: Gopax's offfer to reimburse GOFI investors is faced with great opposition from its investors.