This page uses content from Wikipedia and is licensed under CC BY-SA.
|Headquarters||Hong Kong, HK|
|Industry||Digital currency exchange|
Gatecoin is a bitcoin and ethereum token exchange based in Hong Kong. Founded in July 2013 by a former investment banker, Aurélien Menant, 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. Gatecoin is the only bitcoin technology firm being incubated by the Hong Kong Science and Technology Parks Corporation, a statutory body of the Hong Kong Government. Gatecoin is also incubated by the Tuspark business park in Nanjing.
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. The exchange further said that it believes the hack first began on 9 May, and that it continued over the following three days.