Industry Report: Liberty Loses, Gatecoin Hacked, Bitcoin Gets Bit

Industry Report: Liberty Loses, Gatecoin Hacked, Bitcoin Gets Bit

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....


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Gatecoin, a Hong Kong-based digital currency startup that has cited segregated client accounts as a way to minimize exposure to risks, suffered a breach and lost 250 BTC and 185,000 ETH, 15% of its crypto asset deposits. A cybersecurity firm, Tehtri Security, conducted a forensic investigation and confirmed the breach, Gatecoin announced in a statement by CEO Aurélien Menant posted on its website. The breach took place between Monday, May 9, late night HKT, to Thursday evening HKT, 12 May 2016, the statement noted. The company noticed a disruption of service caused by a server reboot. The....

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Gatecoin Claims $2 Million in Bitcoins and Ethers Lost in Security Breach

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 Issues a Statement on Recent Security Breach

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....