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'Pour One Out' for Gatecoin

Gatecoin, a seminal cryptocurrency exchange, is liquidating. So reports TNW.

The exchange reportedly lost $2 million of its customers’ cryptocurrency, prior to pulling the plug on its operation. Three years ago, Gatecoin lost 250 Bitcoin and 185,000 Ethereum in a hack, costing its user’s millions of dollars. In the wake of the hack, a “swathe of banking disruptions in the years following,” plagued the company as well.

Read the full article from TNW.

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