Crypto exchange 2gether blocks customer funds and demands donations
Representatives of the platform said that the accounts of users who do not deposit €20 before July 10 will be blocked
09.07.2022 - 09:45
1949
2 min
0
What’s new? 2gether, one of Spain’s oldest cryptocurrency exchanges, has blocked user funds. In an email to customers, it stated that due to the current market conditions, the platform cannot continue to operate. In order for the accounts to remain active, each user must deposit €20 on 2gether, according to local outlet rtve. According to the exchange, if the customer does not make the payment by July 10, his account will be blocked and all crypto assets will be liquidated.
More details about the situation. In one of the funding rounds that ended in January 2021, the exchange raised 1,5 million euros to strengthen its financial stability. However, amid the downturn in the cryptocurrency market, the exchange is short of resources and cannot provide services at the same level, its representatives note. According to a report by Asufin, the Financial Users Association of Spain, the actions of 2gether affected about 100 000 users. The organization is preparing to file a lawsuit on behalf of all the customers of the exchange.
On July 6, cryptocurrency broker Voyager Digital filed for bankruptcy. This was preceded by the suspension of all operations on the platform when its accounts contained $685 million in cryptocurrencies with the volume of loans issued worth over $1,1 billion. About half of them were allocated to the bankrupt hedge fund Three Arrows Capital (3AC), which also filed for bankruptcy in the US on July 2.
Useful material?
Telegram 
Twitter Crypto regulations
In turn, the European Commission said that the bank misinterpreted the norms of the law, and in its current form it is already capable of protecting the bloc’s economy
Apr 23, 2025
Market
The product will allow professional investors to track the price of the altcoin without having to hold it directly
Apr 18, 2025
Market
Previously, the PumpFun team launched their decentralized exchange to preserve liquidity in their ecosystem
Apr 17, 2025
Technologies
The company predicts that devices powerful enough to crack a 256-bit key could be available in the next 10 years
Apr 17, 2025
Mining
The collaboration aims to increase decentralization of the blockchain
Apr 15, 2025
Market
The feature will later be available to customers in Europe and Australia
Apr 15, 2025
Cryptocurrency rates
-
Bitcoin
$94 204
BTC
+2.01%
-
Ethereum
$1 785.01
ETH
+2.39%
-
Ripple
$2.2
XRP
+2.62%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.182094
DOGE
+5.34%
-
Cardano
$0.71719
ADA
+4.74%
-
Stellar XLM
$0.283937
XLM
+7.27%
-
Bitcoin Cash
$380.58
BCH
+9.29%
-
Polkadot
$4.3
DOT
+7.57%
-
Litecoin
$85.57
LTC
+4.98%