Spanish crypto platform 2gether closes unexpectedly: RTVE

Quick Take

  • Spanish cryptocurrency platform 2gether is shutting down, according to a report from the state-owned public media company RTVE. 
  • The sudden closure affects about 100,000 users, says the Spanish non-profit Association of Financial Users.

Spanish cryptocurrency platform 2gether is shutting down, with the sudden closure affecting about 100,000 users according to a report from the state-owned public media company RTVE. 

The article cites information from Spanish non-profit Association of Financial Users (Asufin for its abbreviation in Spanish), which has launched a platform aimed at helping 2gether’s users take legal action against the company. 

Information about the closure seems to have come from an email sent to 2gether users entitled “Closure of 2gether Accounts,” which Twitter users started circulating on July 6. According to the screenshots, which The Block has not independently verified, the company notified users that it had to close accounts due to a lack of resources. 

“After five years serving the crypto community, we are forced to close the service of individual accounts,” the screenshot says in Spanish. “The lack of resources and the crypto winter prevent us from providing the service with the quality and guarantees that other nearby providers are [offering].” 

The exchange also apparently told account holders that it would be charging them each 20 euros worth of crypto, deducted from their crypto positions with any remaining balance charged in euros. “If you still do not have enough funds we will proceed to close your 2gether account," the screenshot reads.

Another screenshot emerged on Twitter on July 7, showing what appears to be a “clarification” from 2gether about the account closures. According to the image, which has not been verified by The Block, the company says its app will be fully operational until July 20 for euro bank transfers and withdrawals in BTC and ETH. Remaining balances, it says, will be transferred into euros and will be available on 2gether’s cards until their expiration date.

However, Asufin says on its website that the 2gether website and app are blocked and not allowing users to carry out any functions. 

“At this time, the money invested in this platform is impossible to redeem,” Asufin says. The company’s Twitter account is also defunct. 

The 2gether website shows a page saying “Web under maintenance” followed by “You will soon receive 2gether novelties.” The only information displayed is the platform’s terms and conditions, as well as a PDF at the top of the page calling for a meeting for the company’s partners that was supposed to have happened on June 21. 


© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Kristin Majcher is a senior correspondent at The Block, based in Colombia. She covers the Latin America market. Before joining, she worked as a freelancer with bylines in Fortune, Condé Nast Traveler and MIT Technology Review among other publications.