Gatecoin hack

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Gatecoin.com. Founded in 2013 by former investment bankers, Gatecoin is a bitcoin and ethereum token exchange. Through our intuitive trading platform, we enable individuals and institutions around the world to trade and invest in cryptocurrency and blockchain assets.

In May 2016, Gatecoin cryptocurrency exchange suffered a massive heist that saw it lose 185,000 ether (ETH) and 250 bitcoin (BTC) valued at $2 million at the time, but during the crypto moon shot of 2017, the ether tokens alone were reportedly worth more than $203 million. Gatecoin Lost $2m Worth of Bitcoin and Ethereum In Hot Wallet Cyber Hack The Gatecoin exchange is offline following a hot wallet breach that saw hackers running off with 15% of its cryptocurrencies. Avi Mizrahi See full list on selfkey.org The Gatecoin Bug Bounty Program enlists the help of the hacker community at HackerOne to make Gatecoin more secure. HackerOne is the #1 hacker-powered security platform, helping organizations find and fix critical vulnerabilities before they can be criminally exploited. Gatecoin, a crypto exchange that was hacked in May 2016, has announced on March 13 that it has received a winding up (compulsory liquidation) order from an unspecified court. The company wrote Feb 15, 2017 · Gatecoin, the Hong-Kong regulated cryptocurrency trading platform for blockchain assets which back in May 2016 experienced a hack and theft of ETH and BTC (roughly $2m worth) has today provided an update on their repayment schedule.

Gatecoin hack

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Image via Gatecoin’s G+ Profile Gatecoin Raised $500,000 to Recover from Ethereum Cyber Hack Hong Kong regulated Bitcoin and Ethereum exchange, Gatecoin, is expected to re-launch in early August. Avi Mizrahi "Gatecoin has claimed that it lost as much as 185,000 ethers and 250 bitcoins, an amount worth roughly $2.14m at press time. The exchange further said that it believes the hack first began on 9th May, and that it continued over the following three days." Amount stolen: $2,140,000 To All Creditors / Clients of Gatecoin Limited (In Compulsory Liquidation) (“Gatecoin”) We refer to the last update of the Joint and Several Liquidators of Gatecoin (“Liquidators”) which was sent by email to all known potential creditors / clients of Gatecoin on or around 15 June 2020 (“Creditors”). Hong Kong-based cryptocurrency exchange Gatecoin will shut down and enter liquidation after an unsuccessful attempt to recover funds lost in a dispute with a former payment services provider. Gatecoin is currently carrying to an investigation into the hacking incident.

21 Apr 2020 During the HKUST MBA, Daniel landed a growth hacking internship with cryptocurrency firm, Gatecoin. He joined the program in 2017, 

Gatecoin hack

May 18, 2016 · The missing cryptocurrency makes up 15 percent of the total crypto-assets held by Gatecoin. Gatecoin said it believes the hack continued for three days until May 12. In May 2016, Gatecoin cryptocurrency exchange suffered a massive heist that saw it lose 185,000 ether (ETH) and 250 bitcoin (BTC) valued at $2 million at the time, but during the crypto moon shot of 2017, the ether tokens alone were reportedly worth more than $203 million. Gatecoin Lost $2m Worth of Bitcoin and Ethereum In Hot Wallet Cyber Hack The Gatecoin exchange is offline following a hot wallet breach that saw hackers running off with 15% of its cryptocurrencies.

Gatecoin hack

Gatecoin, a Hong Kong-based cryptocurrency exchanged founded in 2013 by Aurelien Menant, a former investment banking expert, has announced it is now bankrupt and would end operations with immediate effect, according to a statement by the firm on March 14, 2019. End Of The Road For Gatecoin

Please exercise caution when interacting with this address. Overview. Gatecoin Hacker 4.

Gatecoin, the Hong-Kong regulated cryptocurrency trading platform for blockchain assets which back in May 2016 experienced a hack and theft of ETH and BTC (roughly $2m worth) has today provided an update on their repayment schedule. The Gatecoin Bug Bounty Program enlists the help of the hacker community at HackerOne to make Gatecoin more secure. HackerOne is the #1 hacker-powered security platform, helping organizations find and fix critical vulnerabilities before they can be criminally exploited. The Gatecoin incident is the latest cybersecurity event in the digital currency exchange space, a sector that has gotten a bad rap following the infamous Mt. Gox case, which filed for bankruptcy GateCoin was one of the first regulated cryptocurrency exchanges at the time, and its popularity made it a prime target for malicious actors. Hackers managed to gain access to user wallets and stole cryptocurrencies valued at $2 million.

Through our intuitive trading platform, we enable individuals and institutions around the world to trade and invest in cryptocurrency and blockchain assets. Jan 28, 2021 · Gatecoin works with bank accounts. It keeps user’s funds safe, being called Money Service Operator. In the situation of a hack attack on company’s funds, they guarantee to refund the money. Mar 15, 2019 · When the hack was executed the total loss for the company was about $2 million dollars. However, when the crypto market was running strong, their Ethereum holdings alone were worth more than $203 million. In January 2018, Gatecoin was processing about $17 million in cryptocurrency trading volume, a figure which has dropped significantly over time.

Apr 22, 2019 · The exchange lost close to $21.4 million worth of clients’ crypto-assets as a result of a hack attacked it suffered in May 2016. Soon after, Gatecoin was shown the door by nine of Hong-Kong’s biggest banks as they closed the exchange’s bank accounts. A hack and three frozen bank accounts wasn’t enough to make Gatecoin let it go, but it could only handle so much bad luck. Hong Kong-based cryptocurrency exchange Gatecoin has published a statement on its website informing users that the exchange has received a winding up order from an unnamed court, meaning it has been […] Mar 21, 2019 · Gatecoin was one of the first exchanges to list Ethereum trading pairs way back in 2015, but ever since a hack in 2016 the exchange has been struggling. At the time the total stolen was worth $2.14 million, a value that has catapulted to a whopping $26 million at today’s valuation. Gatecoin - Gatecoin is a former cryptocurrency exchange, which shut down in 2019 Hacks - Technological exploits, legal or not. In the context of cryptocurrencies, hacks are often related to exchange and wallet intrusions.

The Gatecoin incident is the latest cybersecurity event in the digital currency exchange space, a sector that has gotten a bad rap following the infamous Mt. Gox case, which filed for bankruptcy GateCoin was one of the first regulated cryptocurrency exchanges at the time, and its popularity made it a prime target for malicious actors. Hackers managed to gain access to user wallets and stole cryptocurrencies valued at $2 million. That was the nail in the coffin for GateCoin – the exchange never recovered. Q: What do Gatecoin do to secure funds of the users?

The wallets on the ledger which hold the stollen Ether (ETH) tokens have been tagged by the crypto community and the funds are being tracked. Four Ethereum Wallets have been directly linked to the Gatecoin scam of 185000 ETH tokens. Hackers that raided Gatecoin apparently altered the way that the exchange handles its customers’ money before they pulled off their heist.

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16 Mar 2019 Gatecoin, a crypto exchange that was hacked in May 2016, has announced on March 13 that it has received a winding up (compulsory 

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21 Apr 2020 During the HKUST MBA, Daniel landed a growth hacking internship with cryptocurrency firm, Gatecoin. He joined the program in 2017, 

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Soon after, Gatecoin was shown the door by nine of Hong-Kong’s biggest banks as they closed the exchange’s bank accounts. A hack and three frozen bank accounts wasn’t enough to make Gatecoin let it go, but it could only handle so much bad luck. Hong Kong-based cryptocurrency exchange Gatecoin has published a statement on its website informing users that the exchange has received a winding up order from an unnamed court, meaning it has been […] Mar 21, 2019 · Gatecoin was one of the first exchanges to list Ethereum trading pairs way back in 2015, but ever since a hack in 2016 the exchange has been struggling. At the time the total stolen was worth $2.14 million, a value that has catapulted to a whopping $26 million at today’s valuation.