Digital Currency Exchange Gatecoin Offline After Loss of Funds
Hong Kong-based digital currency exchange Gatecoin has reportedly experienced a hack, resulting in losses from its connected wallets. The exchange has not released a formal statement on the issue, but CEO Aurélien Menant took to the Slack channel for the DigixDAO project and indicated that the exchange lost control of bitcoins and ethers, the native token of the Ethereum network, during the incident. Menant said that tokens tied to the DigixDAO project as well as the Augur and TheDAO projects were unaffected. The CEO indicated via Slack that he was not entirely clear on the amount of funds....
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Further “liberty” is taken away; Gatecoin is hacked, and a digital coin that’s faster and stronger than Bitcoin? Check out the stories below to see what you’ve been missing in digital currency news: GATECOIN. Cryptocurrency exchange Gatecoin may be the world’s latest cyber-attack victim. The company mysteriously went offline a few nights ago following the discovery of what appeared to be suspicious transactions, and now the exchange is investigating what might be a leak of its hot-wallet funds. In a statement, Gatecoin tried to ease users’ fears by explaining the situation and assuring....
News emerged last week of yet another security event in the digital currency exchange ecosystem, this time impacting a Hong Kong-based service involved in the sale of assets related to Ethereum-based decentralized autonomous organizations (DAOs). As reported on Friday, Gatecoin experienced a cyberattack on its hot wallets that resulted in the loss of funds. A new update from the exchange team indicated that as much as $2m was lost, confirming rumors that circulated soon after the hack became apparent. Gatecoin has claimed that it lost as much as 185,000 ethers and 250 bitcoins, an amount....
Gatecoin, the Hong Kong based cryptocurrency platform will be relaunching its services next week. Gatecoin, a digital currency exchange platform that had faced a hacking incident earlier this year, is planning to make a comeback on August 17, 2016. The Hong Kong-based exchange experienced a security breach on May 13, leading to a reported loss of about $2 million in cryptocurrency deposits. In a blogpost published last week, the platform confirmed losing 250 BTC and 185,000 ETH tokens during the hacking incident. Gatecoin will start operating in a limited capacity from next week. Customers....
The CEO of Gatecoin, the recently compromised Hong Kong based security exchange has issued a statement about the on-going investigation. Gatecoin, the Hong Kong-based digital currency exchange has issued an official statement regarding the recent security breach. The breach resulted in the digital currency exchange losing about 15 percent of its crypto-asset holdings, states Aurelien Menant, the CEO of Gatecoin. The exchange’s security was compromised on May 13, followed by a server malfunction the previous day. As a result of the breach, the platform has reportedly lost about $ 2 million....
Gatecoin, Hong Kong-based digital assets exchange has released an updated statement on its on-going efforts to secure funding. The company announced that it raised 500,000 USD from a Japanese investment firm. The money will be directed to strength the security infrastructure. The money to reimburse the stolen Ether hasn't been secured yet. Gatecoin, the online trading platform for cryptocurrency and blockchain assets, has released a new statement regarding their efforts to secure funding. The cryptocurrency exchange suffered from a major hacking incident. The heist resulted in the loss of....