The crypto world lost another exchange, as Gatecoin cited insolvency upon losses caused by its payment processing partner. The Gatecoin exchange has entered liquidation, further revealing the risk of cryptocurrency market operators after the recent hack of Cryptopia and the closing and insolvency of QuadrigaCX.
The Gatecoin exchange has now closed, replaced with a message on the insolvency of the market operator.
“In light of the circumstances, we have suffered financial difficulty ...