• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Cyber Security News

2gether hack: Crypto trading platform struggles to reimburse stolen funds

Ibiam Wayas by Ibiam Wayas
2020-08-04 08:43 am
in Cyber Security News
2 min read
Microsoft spots Vietnamese hackers deploying crypto-mining malware
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Recently, hackers broke into the servers of 2gether, a cryptocurrency trading platform in Spain, and they amassed about $1.4 million from the company’s funds. Having admitted to 2gether hack, the team has since been struggling to come up with an ideal reimbursement plan for the customers.

2gether lost 27 percent of its funds to hackers

The news on the 2gether hack was made known on August 1, and the team behind the crypto trading platform said only their cryptocurrency accounts were affected in the incident. Customers’ Euro account and wallets were not affected, including their Credit and Debit card details, as the company assured.  

After further investigations were made toward the 2gether hack, the team disclosed that the hackers stole about $1.4 million (€1.183 million) from the security breach. About 47 percent of the stolen funds were Bitcoin (BTC), while about 11 percent was in Ethereum (ETH). The entire fund makes up 26.79% of 2gether total fund.

RelatedPosts

Famous Twitter hack perpetrator bags three years jail term

Buggy contract: DODO loses $3.5 million in recent attack

Verge suffers massive block reorg attack, 200-day transaction history wiped

Blockfolio allegedly breached as users receive offensive messages

The team’s options to repay funds lost in 2gether hack 

The company wasn’t capable of reimbursing the funds lost during the 2gether hack immediately. However, it has been considering ways to repay affected customers adequately. The company’s initial effort to obtain funding from an investment company was unsuccessful, according to reports.

Thus, the team came up with another offer to compensate the customers using the company’s native cryptocurrency known as 2GT tokens. Reportedly, the token is valued at 5 cents, and customers who opt for this option will get an equivalent to their money lost. Later on August 3, the company offered another option for the customers to receive 2gether shares as compensation or wait until the exchange is able to recover the stolen funds.

Meanwhile, the team said it would host an AMA (Ask Me Anything) session to answer several questions on the minds of its customers.

Tags: cryptocurrency tradingDigital CurrencySecurity Hacker
Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related Posts

Bitcoin
Cyber Security News

Famous Twitter hack perpetrator bags three years jail term

2021-03-17 16:02 pm
Tether plans to extend USDT stablecoin to Kusama and Polkadot
Cyber Security News

Buggy contract: DODO loses $3.5 million in recent attack

2021-03-09 11:40 am
Tether plans to extend USDT stablecoin to Kusama and Polkadot
Cyber Security News

Verge suffers massive block reorg attack, 200-day transaction history wiped

2021-02-16 07:01 am
Indian lecturer losses nearly $14,000 Bitcoin to Telegram scammer
Cyber Security News

Blockfolio allegedly breached as users receive offensive messages

2021-02-09 10:18 am
Tether plans to extend USDT stablecoin to Kusama and Polkadot
Cyber Security News

Experts detect crypto-mining malware targeting Kubernetes clusters

2021-02-04 06:08 am
Chainalysis: Crypto ransomware attacks rose by 311% in 2020
Cyber Security News

Chainalysis: Crypto ransomware attacks rose by 311% in 2020

2021-01-25 12:01 pm

Follow Us

  • 51k Fans
  • 8.3k Followers

Popular News

  • Ripple price prediction XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    Ripple price prediction: XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    1266 shares
    Share 506 Tweet 317
  • XRP Price Prediction 2021, 2023, 2025, 2030

    963 shares
    Share 385 Tweet 241
  • Cardano price prediction: ADA fails to break above $1.50, what’s next?

    927 shares
    Share 371 Tweet 232
  • Bitcoin crackdown could be coming – a warning from Kraken CEO

    857 shares
    Share 343 Tweet 214
  • Dent Token Prediction for 2021 – 2025

    830 shares
    Share 331 Tweet 207

Latest News

Uniswap Price Prediction 2021-04-15

Uniswap price prediction: Uniswap retests $37, set to reach $40 today

April 15, 2021
Binance Coin Price Prediction 2021-04-15

Binance Coin price prediction: Binance Coin retraces to $535, prepares to set another lower high?

April 15, 2021
Ukrainian politician admits to losing access to 400 BTC wallet

Ukrainian politician admits to losing access to 400 BTC wallet

April 15, 2021
DOGE Price Prediction

DOGE Price Prediction: Dogecoin to the moon, to hit its $0.2 target after safeguarding support

April 15, 2021
Ethereum Berlin hard fork now deployed, here's what to expect

Ethereum Berlin hard fork now deployed, here’s what to expect

April 15, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News

Binance News
Ripple News
Cardano News

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker
Sitemap

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.