Liquidators attach the closing nail in Gatecoin’s coffin
One of many key regulated cryptocurrency exchanges, Gatecoin, has officially been taken over by liquidators following a sequence of hacks and banking issues.
In a yarn sent to collectors of the change leisurely remaining week, the liquidators inform that “all powers of the directors of Gatecoin bask in ceased and the directors now not bask in any authority to address the assets and/or undertakings of Gatecoin.”
Gatecoin became as soon as certainly one of the important thing regulated digital asset exchanges. Hailing from Hong Kong and launched diagram assist in 2013, it targeted totally on Bitcoin, Ethereum, and Ethereum-based mostly token markets.
Aid in 2016, the change suffered an attack on its scorching wallets. It resulted in the inability of 185,000 ETH and 250 BTC, spherical $2 million on the time.
Following the hack, Gatecoin suffered a swath of banking disruptions. In September 2017, its Hong Kong-based mostly financial institution accounts were frozen.
To birth out with of March, Gatecoin appointed preliminary liquidators to have the reigns and originate closing the enterprise.
With the true liquidators now in pickle taking stout withhold an eye on of what’s left of the withered change, it appears to be treasure Gatecoin has excellent bought its remaining nail in the coffin.
[H/T – Tom Grundy]
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Printed April 1, 2019 — 08: 45 UTC
April 1, 2019 — 08: 45 UTC