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a few user reported their gatehub wallet been hacked and XRP sent to r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k


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Just a thought. Maybe there is some activity and more information in the closed group (invite only) for the victims of the hack? We don’t need to know the details if this is the case (there might be some bilateral agreements in place which should stay private) but a confirmation of such activity would probably be enough to close down this thread.

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On June 1 we were made aware of a theft of 201,000 XRP (transaction F6E9E1385E11649A6C2F88723A821AF209B54030886539DCEF9DDD00E6446948) and immediately started investigation. It turned out that the acco

Hey all! We are aware of the matter and are looking into it. If anyone has any information please contact us at: security@gatehub.net   GateHub

Reminder: There is no direct evidence pointing to Gatehub being responsible even though it may appear as the most likely scenario right now. Just be careful about jumping to conclusions What you c

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41 minutes ago, Lamberth said:

Just a thought. Maybe there is some activity and more information in the closed group (invite only) for the victims of the hack? We don’t need to know the details if this is the case (there might be some bilateral agreements in place which should stay private) but a confirmation of such activity would probably be enough to close down this thread.

there's no agreement, gatehub is quiet as a mouse. these guys can't even come out with an official statement. how the hack happened nobody knows.

Edited by jlripple
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9 hours ago, Lamberth said:

Just a thought. Maybe there is some activity and more information in the closed group (invite only) for the victims of the hack? We don’t need to know the details if this is the case (there might be some bilateral agreements in place which should stay private) but a confirmation of such activity would probably be enough to close down this thread.

No,  as much in the dark as everyone else. Not helped by Gatehub’s silence/lack of updates. Of concern is the now complete cessation of any communication via support or their social media pages (Twitter, Facebook etc).

Only XRPforensics team have been giving much appreciated help and  they are giving assistance to the investigating LEAs having tracked the funds since theft to cash out. They have been outstanding in their generosity of time and sharing of knowledge. 

Edited by Harrryquartz
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11 minutes ago, faz said:

i think at this stage its a likely assumption that gatehub have gone bust , probably a good idea for everybody to get their funds off asap .

 

Best thought is that they are too busy preparing the release of a definitive report into the theft, not going to assume anything until then but the longer the silence goes on the greater the uncertainty. 

Edited by Harrryquartz
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I for one have obtained each and every zerp from Gatehub. Thankfully I transferred almost all to cold storage and haven't been a victim of this hack.

Having seen the way @gatehubhave tackled the situation in comparison to Bittrue by treating members here with complete disregard, I will take my remaining zerps off the exchange and never use this incompetent company again.

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1 hour ago, faz said:

i think at this stage its a likely assumption that gatehub have gone bust , probably a good idea for everybody to get their funds off asap .

 

But it's also likely that they didn't actually lose any funds themselves, so they would probably not go bust unless they actually do refund people.

For other reasons though, it's still a good idea to get out, unfortunately.

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1 hour ago, at3n said:

But it's also likely that they didn't actually lose any funds themselves, so they would probably not go bust unless they actually do refund people.

For other reasons though, it's still a good idea to get out, unfortunately.

They don't lose money directly, but they miss out on the ability to make money off those people. Essentially, every place has some sort of withdraw fee when moving money out. So, if you withdraw everything and move out, they're going to get one last bit of fees in, but going forward you aren't keeping them financed from future withdrawls. The same concept would apply if nobody used the service as they wouldn't have any income from people using the service, but they still have costs that are going to exist regardless.

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21 minutes ago, Personology said:

If I ever get my fund back, I would definitely donate to the XRPforensics team.  They took the roles that GateHub should've in terms of communication, investigation, and speed.  They definitely add value to the space, and I think they will play a vital role the future if we were to move forward.  Thank you guys for using up your free time trying to retrieve our funds.  

Take note @gatehub 🐾

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10 hours ago, Personology said:

If I ever get my fund back, I would definitely donate to the XRPforensics team.  They took the roles that GateHub should've in terms of communication, investigation, and speed.  They definitely add value to the space, and I think they will play a vital role the future if we were to move forward.  Thank you guys for using up your free time trying to retrieve our funds.  

Same here I'd give out % of my funds back to the great work of XRPforensics.

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