Golden Finance reported that Binance, the largest shareholder of the Korean cryptocurrency exchange Gopax, sold Gopax's Genesis asset claims at less than half of the face value. Initially, Binance promised to compensate investors for 100% of their losses (about 70 billion won, about 51 million U.S. dollars at the time) when it closed the cryptocurrency deposit service Gopay last year. However, Binance did not use its own funds to compensate the victims, but paid the compensation by selling the victims' asset claims at a discount. Binance sold Gopax's Genesis asset claims at less than half the price, and the claim was worth about 70 billion won according to the market price at the time. Since then, virtual asset prices have soared, and it is estimated that Gopax has suffered at least tens of billions of won in losses as a result.