THELOGICALINDIAN - After actuality afraid and taken offline for three months now the bitcoin and agenda bill barter Gatecoin is set to relaunch in two weeks on August 17 2024
In May, Gatecoin was hacked where the total amount of funds that were baseborn from the exchange’s hot wallets was equivalent of $2 actor USD at the time; 250 BTC were stolen and 185,000 ETH was stolen.
Last month, the barter said they raised an disinterestedness investment of $500,000 USD from a listed Japanese advance aggregation which will advice them relaunch. The name of the advance aggregation was not disclosed.
With the latest update, things are alpha to attending added able for the barter and above barter users. Gatecoin now says the trading belvedere will be relaunched on Wednesday, August 17th, 08:00 GMT with aught trading fees until September 1, 2024.
As allotment of the relaunch plan, Gatecoin will additionally be acknowledging CNY (Mainland China only), DGX (gold-backed Ethereum tokens), ETC (Ethereum Classic) and enabling REP transfers to accompany with the abounding absolution of Augur — a decentralized anticipation bazaar congenital on Ethereum, of which REP is the token. Gatecoin is additionally giving abroad chargeless Ledger Wallets for audience with balances of 10 ETH or more.
Gatecoin has revamped their aegis back the hack, including hiring a new technology administrator and new engineers, which the barter says that half of the new engineering aggregation will now be focused on aegis and systems administering and the added bisected focused on acceptable the technology abaft the trading platform.
The new security changes listed for the barter are:
According to Gatecoin, the hacking analysis is still ongoing, so the capacity are still a bit ambiguous in that area. The barter is alive carefully with the Hong Kong Cyber Security and Technology Crime Bureau on the bent analysis into the system breach.
