The company 2Gether announced that it will reward users who were affected by the recent hack of the platform, where more than 1,3 million euros in cryptocurrencies were stolen.
Recently, the Bit2Me News team announced that the Spanish FinTech platform, 2Gether, was the victim of a hack, where more than 1,3 million euros stored in bank accounts were compromised. cryptocurrencies, and digital assets. Although at the time of announcing the hack, the company did not give details of the actions they would take to protect affected users and their investments, it recently admitted in a statement that it will possibly reward users with Tokens 2GT of the platform, although these have not been created to date.
For its part, although it is not certain how this decision will feel among affected users, it is clear that many will not be happy with being given 2GT tokens instead of the assets they owned, since it is a token that has not yet been released to the market and whose real value is unknown.
The launch of this new token is estimated to take place in the fourth quarter of this year, although its launch was initially planned for the beginning of the second half of 2020, according to a publication made by the company. 2GT is a utility token of limited emission, developed under the regulatory standards of the CNMV, ESMA and other European regulators, but beyond that, little is known about this token and its current usefulness is non-existent.
It may interest you: 2Gether is the victim of a hack that compromised more than 1,3 million euros
29% of 2Gether's funds were stolen during the hack
The €1,3 million stolen from 2Gether represents approximately 29% of the funds that were available on the platform at the time of the attack.
Because of this, it is clear that the company does not have enough resources to cover the losses caused to users and investors, so it is currently in discussion with several investors to find the most prudent way to compensate for the damages. So far, the most viable option is to reward users through the platform's 2GT tokens, although other options are also under discussion and analysis.
The platform acknowledges that it has been working hard to find an effective way to return stolen funds to users who were affected by the security vulnerability on the platform.
“In the two days following the attack, we have been working on finding the funds necessary to cover all positions. More specifically, and until a few minutes ago, we have been working with an investment group with which we have unfortunately been unable to reach an agreement.”
Although there is no final agreement yet defining the actions the company will take to take responsibility for the damages, the most acceptable approach to date is that 2Gether can cancel the debts with the issuance of its 2GT token.
“We want to compensate the amount of cryptocurrency stolen (26,79% of its position before the attack) with an equivalent volume in 2GT.”
The platform says it is committed to continuing to find a viable solution that will allow it to compensate each user with the cryptocurrency or digital asset they lost, so that they can recover all of the positions they enjoyed before the attack.
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