Donald Gallagher Consultants Compensate Victims of Expresscrypto.io Hack
Donald Gallagher Consultants, an asset recovery company, is compensating victims affected by the Expresscrypto.io hack. Since December 24, 2021, the cryptocurrency micro wallet site went offline due to a server issue, and its database could not recognize its primary and backup disks. Expresscrypto.io allowed users to earn cryptocurrency by completing various tasks. Efforts are underway to recover lost data, and affected users may receive compensation by following outlined procedures.
Neutral
The news of compensation being paid out may stabilize affected users’ sentiments. However, the outage and data recovery efforts create uncertainty, maintaining a neutral impact on the broader cryptocurrency market in the short term. Historically, similar incidents had mixed outcomes—while some reassurance was provided by recovery efforts, underlying technical vulnerabilities often warred on sentiments.