Bitcoin Exchange Gatecoin Delays Relaunch, Affirms Refunds to Customers
Gatecoin, the regulated bitcoin and digital currency exchange, recently distributed an email to its customers, disclosing news regarding the company’s attempt to secure funding to cover the losses it suffered after a cyber attack on its hot wallets. The Hong-Kong based company issued the statement at 12:00 p.m. HKT detailing its efforts to reimburse its clients after it lost over 185,000 ether and 250 bitcoins, worth around $2 million during the sale of assets related to Ethereum-based decentralized autonomous organizations (DAOs) in May. The email detailed three funding channels: Equity....
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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....
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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....