Gatecoin was a bitcoin and ethereum token exchange based in Hong Kong. Founded in July 2013 by a former investment banker, Aurélien Menant,[unreliable source] Gatecoin became the first cryptocurrency exchange to list ethereum's native token, ether (ETH) in August 2015 and has since specialised in listing ethereum tokens associated with decentralized applications.[unreliable source?][unreliable source][non-primary source needed]
Gatecoin is the only bitcoin technology firm being incubated by the Hong Kong Science and Technology Parks Corporation,[non-primary source needed] a statutory body of the Hong Kong Government. Gatecoin is also incubated by the Tuspark business park in Nanjing.[not in citation given]
Hack[edit | edit source]
In 2016 Gatecoin experienced a cyberattack on its hot wallets that resulted in the loss of funds. An 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 the time. The exchange further said that it believes the hack first began on 9 May, and that it continued over the following three days.
References[edit | edit source]
- Suberg, William (23 May 2014). "Paying by the Book: An Interview with Gatecoin's Aurélien Menant". Cointelegraph. Retrieved March 20, 2018.
- "Aurélien Menant". StartbaseHK. Retrieved 2018-03-21.
- Galt, Juan (August 5, 2015). "Ethereum Network Continues Thawing Process in Anticipation of the Start of Trading". Bitcoin Magazine. Retrieved 2017-03-22.
- Allison, Ian (2016-04-29). "DigixGlobal adds Ethereum-based DGD tokens to Hong Kong's Gatecoin and China's Yunbi exchanges". International Business Times UK. Retrieved 2017-03-22.
- "Gatecoin Launches the First Exchange with Segregated Client Bank Accounts". HKSTP News and Media. Archived from the original on 2015-04-26.
- Gatecoin LTD at Tuspark
- "Gatecoin joins the Supercharger Accelerator in Hong Kong". The Merkle.
- "Bitcoin Startup Joins Baidu-Backed FinTech Accelerator". Coindesk.
- Olsen, Robert (24 May 2016). "Hackers Steal $2 Million From Bitcoin Exchange In Hong Kong, Bounty Offered To Recover Funds". Forbes.
[edit | edit source]
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