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....
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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, 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....
Hong Kong-based exchange Gatecoin, which suffered a major theft in May, has raised $500,000 from a listed Japanese investment company to aid in its recovery and reopening. Gatecoin in Recovery, Fires CTO. Gatecoin (gatecoin.com) plans to reopen for regular business in August. The trading platform has been suspended since the second week of May, when a....
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....
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....