A Spanish cryptocurrency payments app and card issuer has admitted it wonât be able to immediately repay users affected by Fridayâs $1.4 million hack and has offered a compromise instead.
- Madrid-based 2gether said Sunday it hadnât been able to find the funds to reimburse all users the â¬1.2 million stolen by hackers â 26.79% of the firmâs total funds â on Friday evening.
- âWe can assure you, with a great deal of chagrin, that if we could face this theft with our own funds, we would,â the announcement reads.
- Talks with an unnamed investment group reportedly fell through on Sunday.
- Rather than delay any longer, 2gether has offered to reimburse investors in native 2GT tokens â an ERC-20 token that confers incentives and premium access to holders.
- 2gether said users will receive the amount stolen in 2GT at the issuance price of just under $0.06.
- The company said it will then try to scrape the funds together to repay users in the crypto assets theyâd lost â it didnât provide a timeframe for when this could happen.
See also: Hacker Exploits Flaw in Decentralized Bitcoin Exchange Bisq to Steal $250K
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