Column

European Crypto Trading Platform Loses Nearly $2 Million Worth Of Funds To Hackers

Emily Mason

Summary: $1.39 million was stolen from European cryptocurrency trading platform 2gether by a group of unknown hackers, as reported by Cointelegraph. In a recent thread of tweets Ramon Ferraz Estrada, CEO of 2gether, stated that the hack targeted crypto investment accounts and exposed user passwords, but assured clients that their wallets were safe. However some commenters on the ...

$1.39 million was stolen from European cryptocurrency trading platform 2gether by a group of unknown hackers, as reported by Cointelegraph.

In a recent thread of tweets Ramon Ferraz Estrada, CEO of 2gether, stated that the hack targeted crypto investment accounts and exposed user passwords, but assured clients that their wallets were safe. However some commenters on the thread felt Estrada's explanation, which came 20 hours after the attack, was too little too late.

2gether is offering clients its native token for 5 cents each to cover any lost funds and is working towards making its app available again.

By Emily Mason

Last Update:

Tags: ,
Link: European Crypto Trading Platform Loses Nearly $2 Million Worth Of Funds To Hackers   [Copy]
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 4 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 5 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 7 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 7 days ago
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 10 days ago
  • You need to login to comment.