Home Cyber Crime Hackers stole €1.2m worth of cryptocurrency from 2getherSecurity Affairs

Hackers stole €1.2m worth of cryptocurrency from 2getherSecurity Affairs

by Pierluigi Paganini

2gether has disclosed a security breach, hackers have stolen roughly €1.2 million worth of cryptocurrency from cryptocurrency investment accounts. 

Hackers stole roughly €1.183 million worth of cryptocurrency from investment accounts of 2gether, 26.79% of overall funds stored by the accounts.

The attack took place on July 31 at 6.00 pm CEST, when hackers compromised the company servers.

“As you know, since last Friday July 31, we’ve been managing an extremely difficult situation which has brought us all a lot of uncertainty, caused by the hacking of a substantial part of all the cryptocurrencies available in the 2gether user accounts.” reads a security breach notification published by the company.

“From the moment we became aware of the attack, we’ve been fighting nonstop on different fronts. First, we worked on stopping the hit, limiting the theft to ~€1.183M (which amounted to 26.79% of the positions in the user accounts in Kraken) and preserving the integrity of the euro accounts, the BTC & ETH wallets, and the 2GT accounts.”

2gether is a crypto trading app, in which traders and beginners buy and sell cryptocurrencies at real market price, without added fees, in just one click. The native coin used by the organization is the 2GT token.

2together CEO Ramón Ferraz Estrada confirmed that general wallets and Euro accounts were not impacted in the security breach, he also pointed out that hackers did not steal the financial details of payment cards used to deposit funds. 

Estrada urges users to change their passwords because they have been compromised in the attack. 

The company did not share technical details of the attack, it only confirmed that an investigation is still ongoing.

The bad news is that according to the executives, the company does not have enough funds to refund its users and is attempting to remediate with a cash injection from an unnamed “investment firm.”  

“At this point, we want to offer you the solution that offers the best guarantees for your funds: we want to compensate the amount of stolen cryptocurrency (26.79% of your position before the attack) with a volume in 2GT equivalent to the issuance price of 5 cents.” continues the company. “On top of that, we commit to keep looking, at top capacity and as soon as possible, for additional funds to make up for every single one of your cryptocurrencies. That way you’ll be able to get back the totality of your positions, and the equivalent value in 2GT tokens at issuance price.”

The founds of the company plan to do a Reddit Ask Me Anything (AMA) in the next few days to respond to the investors’ questions.

Pierluigi Paganini

(SecurityAffairs – hacking, 2gether)






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