Crypto exchange 2gether said it is unable to reimburse all users affected by a hack last year, even after a successful fundraising effort.
Since the hack, 2gether CEO Ramón Ferraz Estrada said the firm had been working raising €1.2 million (US$1.5 million) to improve the company’s security and risk management, and to replenish the stolen funds. In the end, 2gether managed to hit the regulated limit of €1.5 million, he said. The raise included voluntary conversion of some of the lost funds into shares and tokens.
For the 9% that would not receive the full amount, 2gether is offering a choice to accept "at most, 99% of the non-converted stolen funds, and at least, the value in euros that was lost when the cyber attack took place." Otherwise, this group can choose to wait till the firm can afford full refunds or seek alternative solutions, Ferraz Estrada said.
Last July, the exchange suffered a cyber attack that saw €1.2 million ($1.45 million) in crypto assets stolen – 27% of the firm's total holdings at the time.
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