Hong Kong crypto currency exchange Gatecoin has announced compulsory liquidation connected with impossibility to fulfill obligations to the customer due to improper operation of the regulated in France payment service provider, which started cooperation after the denial of service local banks in 2017.

Representatives of Gatecoin said that he had tried to find an alternative to this partner, but in his accounts was frozen a large portion of the client funds that “nearly paralyzed the site for a few months.” Now, according to them, by the decision of the court the company entered a temporary Manager who will be responsible for the liquidation and payment of funds to her creditors.

Recall that in 2016 the crypto currency exchange lost 185 thousand ETH and 250 BTC is hacked by hackers. In September 2017 in Gatecoin got a call from the Bank, Hang Seng Bank and was told that the service company accounts in this financial institution suspended. According to one of its leaders, it happened when the company increased its client base three times for 2-3 months, the exchange rate of bitcoin is growing, and users put more and more money.