THELOGICALINDIAN - Yesterday it was apparent that the Hong Kong based bitcoin and cryptocurrency barter Gatecoin had been hacked
Thomas Glucksmann, business administrator from Gatecoin, told us that Gatecoin is investigating the affair and attractive to fix it ASAP, specifically stating that Gatecoin “will awning for the abeyant losses.” Gatecoin stores 95% of users’ crypto-asset funds in multisig algid accumulator vaults.
In a new amend appear on their website today, Gatecoin says that in absolute the bulk of cryptocurrencies that were baseborn from the exchange’s hot wallets amounts to the agnate of $2 actor USD. Of that absolute amount, 250 BTC were stolen, which has the current value of $113,775 USD. In accession 185,000 ETH was stolen, which has the current value of $1.86 million USD.
Gatecoin has approved out the advice of Tehtri Security to do a argumentative investigation, who helped ascertain the loss of 15% of their crypto-asset deposits. The advertisement went on to say that the breach took abode amid Monday, May 9, backward night HKT, to Thursday black HKT, 12 May 2016. On Monday night HKT, May 9, Gatecoin experienced a disruption in account acquired by a server reboot and so far, they strongly accept that the aperture is affiliated to this event. According to their report, the barter may accept been the victim of a man-in-the-middle attack. The awful alien affair complex in this breach, managed to adapt their system so that BTC and ETH drop transfers bypassed the multisig algid accumulator and went anon to the hacker’s hot wallet during the aperture period.
The advertisement in abounding is acquaint beneath from the Gatecoin website.
LOSS OF FUNDS
