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European Bitcoin Exchange Hacked for $1.4 Million, Claims It Cannot Afford to Repay Users

2gether, a Spanish cryptocurrency trading platform, has been hacked for about $1.4 million and company executives claim that they do not have the money to repay customers. Chief executive officer Ramon Ferraz Estrada said over the course of several tweets on Monday that the breach of July 31 affected crypto investment accounts and exposed user private keys. A separate announcement later expressed the exchange’s doubts over reimbursing the stolen funds, citing a lack of financial capacity. Instead, company officials offered customers the bourse’s native 2GT token as full compensation. “In the two days following the attack, we’ve been working on…

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