It’s happened again, folks. Another cryptocurrency trading platform has been compromised by unseen malicious actors. This time, the victim is 2gether, a European crypto exchange that allows people to sell, buy and trade bitcoin and other digital currencies without incurring additional fees.2gether Is the Latest Exchange to Be CompromisedThe hackers made off with more than one million pounds-worth of digital assets. 2gether’s native coin, known as the 2GT token, was set to be released to the public in the coming weeks in a token sale that would occur in Spain, though at press time, it’s unclear if the hack has set these plans back a few steps.Overall, more than 25 percent of the exchange’s total funds were stolen. On Twitter, CEO of 2gether Ramon Estrada said that both euro and general
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It’s happened again, folks. Another cryptocurrency trading platform has been compromised by unseen malicious actors. This time, the victim is 2gether, a European crypto exchange that allows people to sell, buy and trade bitcoin and other digital currencies without incurring additional fees.
2gether Is the Latest Exchange to Be Compromised
The hackers made off with more than one million pounds-worth of digital assets. 2gether’s native coin, known as the 2GT token, was set to be released to the public in the coming weeks in a token sale that would occur in Spain, though at press time, it’s unclear if the hack has set these plans back a few steps.
Overall, more than 25 percent of the exchange’s total funds were stolen. On Twitter, CEO of 2gether Ramon Estrada said that both euro and general accounts were not affected by the incident, though it’s possible that the hackers may have gotten hold of individual passwords. He’s advising all his customers to change their login data to prevent further security breaches.
While he has yet to explain how the hack occurred, he has stated that an investigation is now underway, and that law enforcement is working to assess the total damage.
In a follow-up message, both the chairman and the director of the exchange – Salvador Casquero and Luis Estrada – called the attackers “soulless individuals.” The event has allegedly left the exchange in dire straits, as 2gether now doesn’t have the funds necessary to keep up its present operations. Currently, the company is working on an emergency plan and discussing potential moves with investors to potentially garner the cash needed to ensure business can proceed as usual.
Looking to Pay Victims Back
At the time of writing, an agreement has not been struck with any investor firms. Thus, the company is also planning to repay any stolen user funds by giving affected customers 2GT tokens. The 2gether team mentioned:
We want to compensate the amount of stolen cryptocurrency (26.79 percent of your position before the attack) with a volume in 2GT equivalent to the issuance price of five cents. On top of that, we commit to keep looking, at top capacity and as soon as possible, for additional funds to make up for every single one of your cryptocurrencies… We hope you can see these hard times and adverse events compensated soon, whether you decide to give us the vote of confidence we’re asking you for or not.
Hacks and crypto thieving are rather prominent within the digital space as of late. One of the biggest examples to occur recently involved Twitter, one of the largest social media platforms in the world. Several high-profile accounts were hijacked and used to promote a phony bitcoin giveaway that ultimately garnered more than $121,000 in stolen bitcoin funds for the hackers.