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ID:

gatecoin-802

Date:

Status:

Incident Count:

May 14, 2016

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

2,000,000

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Recovered:

-

Rewards:

Currency:

USD, ETH, BTC

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Bitcoin, Ethereum

Exchange

Assets

Key Management

Extended Method:

Private key leak, hot wallet

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Days in Operation:

3362

(9.21 Years)

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Gatecoin experienced a cyberattack on its hot wallets that resulted in the loss of funds. A new update from the exchange team indicated that as much as $2m was lost, confirming rumors that circulated soon after the hack became apparent. Gatecoin has claimed that it lost as much as 185,000 ethers and 250 bitcoins, an amount worth roughly $2.14m at press time.

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