Gate.io Denies Security Breach Rumors, Confirms Funds Are Safe
Popular crypto exchange Gate.io addressed rumors regarding a supposed security incident on its platform that emerged on X and Telegram, prompting users to withdraw funds due to alleged hacking. This led to panic among users about the safety of their assets.
Gate.io Dismisses Security Breach Claims
Gate.io quickly denied these claims, reassuring users that their funds and accounts are secure. The company stated:
“The Gate.io security team has not detected any abnormalities, nor have any security agencies reported issues.”
The platform confirmed that deposits, withdrawals, and trading operations were functioning normally, alleviating concerns.
Despite initial tension, data from blockchain analytics platform DefiLlama indicated no significant fund movement from Gate.io, suggesting user confidence in the platform remained intact.
Warning Against False Information
Following its initial response, Gate.io issued a statement reiterating its intolerance for the spread of false information and hinted at potential legal action against such activities. The follow-up statement included:
“We strongly condemn the deliberate spread of false rumours and reserve the right to pursue legal action.”
Gate.io urged its community to rely solely on official announcements and verified sources for updates about the platform.
This incident reflects a recurring issue within cryptocurrency exchanges concerning unverified rumors of security breaches. Gate.io’s prompt response effectively mitigated concerns, resulting in no discernible impact on its operations.