THELOGICALINDIAN - Hong Kong based bitcoin and cryptocurrency barter Gatecoin has provided an amend advertence that they accept raisedan disinterestedness advance of 500000 USD from a listed Japanese advance aggregation The name of the advance aggregation was not disclosed
Gatecoin has been disturbing to reopen their barter afterwards a immobilizing drudge in May which larboard the barter bankrupt bottomward and at a accident of $2 actor USD; a accumulated accident of bitcoin and ethereum currencies. In a antecedent update in June, Gatecoin had said that they were gluttonous investors in an attack to accomplish users accomplished again. The plan at the time was to reopen in July.
July has appear and Gatecoin is now adage that the acting relaunch will be in August, but that Gatecoin has anchored this new advance which is able for users who absent funds on the exchange. In a Medium post by Gatecoin CEO Aurélien Menant, he said that the new advance will be acclimated to strengthen their aegis aggregation and advance in added aegis basement in adjustment to accumulate the aggregation operational. Gatecoin is still attractive to accession funds for ethereum funds that were stolen.
Updated plan
The new plan is that Gatecoin will relaunch in aboriginal August, according to Menant. He additionally said 5,000 of the 185,000 baseborn ETH has been retrieved acknowledgment to cryptocurrency barter Poloniex. Additionally declared is that the bounded abomination analysis is still ongoing.
In commendations to the adjournment on relaunch, Menant mentioned that part of the affair was they had to let go of their CTO, and abeyant investors were anxious in committing funds to a aggregation after a CTO. This both complicated the fundraising and the relaunch. The added allotment of the affair is due to broker discussions, which took several weeks and funds affiliated from assorted organizations in Asia as allotment of the $500,000 USD investment.
