Tag: 2 million

Gatecoin CEO Reveals $2 Million Loss in Hacking Incident

On Saturday, Gatecoin CEO Aurélien Menant, released a statement that details the nature of the hack and how the exchange managed to lose 15% of client’s digital currency deposits. Gatecoin has always kept 95% of all customer funds in multi-signature cold wallets, however, the hacker managed to alter Gatecoin systems in such a way as to divert ETH deposits away from these secure cold wallets. Aurélien Menant explained: “However, the …
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