Spanish bitcoin and cryptocurrency The platform 2gether is shutting down. According to a report by the Spanish state-owned public media company RTVE, the sudden shutdown will affect around 100,000 users.
The report features information from the Spanish non-profit Association of Financial Users (Asufin in Spanish), which has set up a platform aimed at helping users of 2gether take legal action against the company.
The information about the shutdown appears to have come from an email to 2gether users entitled “Closing 2gether Accounts,” which Twitter users began circulating on July 6.
1 MIN DE SILENCIO por #2gether
Hace meses te retenían el dinero y ahora te quitarán automáticamente 20€ de tu cuenta por falta de liquidez.
La fuga es inminente y pronto morirá
viva espana pic.twitter.com/Jbwke9Bjeb
— CRIPTO MUSSAMA (@criptomussama) July 6, 2022
Cryptocurrency Company Cites Lack of Resources as Reason for Suspending Operations
According to unconfirmed screenshots, the company informed users that it had to close accounts due to lack of resources:
“After five years of serving the crypto community, we are forced to shut down individual accounts. The lack of resources and the cryptocurrency winter are preventing us from delivering with the quality and guarantees that other providers offer.”
The screenshots also revealed that the exchange will deduct 20 Euros from each of the account holders. This fee will be charged in Euros from the remaining cryptocurrency balances in customers’ wallets. In addition, it has been learned that accounts that do not have sufficient balance will be closed.
Another screenshot that surfaced on Twitter on July 7 shows a statement from 2gether that appears to be a “clarification statement” regarding account closures. According to the unconfirmed screenshot, the company says its app will be fully operational by July 20 for euro bank transfers and withdrawals in BTC and ETH.
It is stated that the remaining balances will be converted into Euros and can be used on 2gether’s cards until their expiration date.
However, Asufin says that 2gether website and app are blocked on the company’s website and do not allow users to perform any functions.
Asufin made a statement saying, “Currently, it is not possible to use the money deposited on this platform.” The company’s Twitter account also appears to be unavailable.
*Not investment advice.