Cryptocurrencies are experiencing one of the worst moments in their history: many have lost between 60% and 80% of their value compared to the highs we experienced just eight months ago, and this decline is having increasingly serious side effects. One of these recent effects was experienced by Spanish platform 2gether, a crypto bank suffering from a full-fledged corralito.

What happened?. This platform now displays a curious message on its website with the text “Web is under maintenance. You will soon learn all the news from 2gether”. That’s not a good sign, nor is it that the Twitter account (@2gether_global) is lost and inaccessible.

Close accounts… A user shared the message that the platform’s customers received these days on Twitter. According to those responsible for 2gether, it indicates that accounts have been closed due to a “lack of resources and crypto winter” that “prevents us from providing services with the quality and guarantees that other nearby providers make.”

1 MINUTE OF SILENCE #2together

They withheld your money months ago and now they will automatically withdraw €20 from your account due to lack of liquidity.

Escape is near and will die soon

long live spain pic.twitter.com/Jbwke9Bjeb

— CRYPTO MUSSAMA (@cryptomussama) 6 July 2022

and without further ado they charge 20 euros from their customers. They also warn that the service is no longer free and will charge all customers 20 Euros “corresponding to the cost in question” without prior notice. This fee “will be charged in cryptocurrencies by deducting the amount in question from your positions in different cryptoactives in your account.”

And now this? The Financial Users Association (Asufin) was one of 2gether’s clients. In 2021, he invested 100 Euros in this and the four most-user-user cryptocurrency trading platforms in Spain. Purpose: to analyze the information given to the consumer and its risks.

According to this association, the shutdown of 2gether affects 100,000 people, in fact, considering that they reached this figure in March 2021 according to Cointelegraph, this figure may be insufficient. They have now announced that they will take legal action against Asufin. 2gether was already making headlines in 2020 after a cyberattack in which 114 bitcoins and 276 ether were stolen.

This is not the first and may not be the last. The ‘crypto crash’ is causing a dire domino effect among various cryptocurrency management assets. Cryptocurrency lending and trading platform Vauld has issued orders to block withdrawals these days, while Vogager Digital, another cryptocurrency management platform, has filed for technical bankruptcy in the US. ).

Even larger ones have blocked operations: Binance temporarily suspended bitcoin withdrawals in Brazil and Celsius on June 17. I blocked them too As a result of “extreme conditions”, it has recently secured those responsible. Meanwhile, companies like Coinbase are resorting to mass layoffs like other companies in the industry.