Is Gate Crypto Exchange Hacked? Executives Respond

Is Gate Crypto Exchange Hacked? Executives Respond

Gate crypto exchange and its chief business officer Kevin Lee have refuted hack rumors and confirmed all funds are safe. The move comes immediately after some sources claimed the exchange may have suffered a hack and recommended users to withdraw their funds. Meanwhile, the community has slammed the recurrent posts regarding Gate hack.
Gate Hit With Hack Rumors
Gate crypto exchange has denied rumors of suffering a hack on December 13. However, massive amount of withdrawals were recorded as users moved holdings immediately.
Kevin Lee, chief business officer of Gate io and CEO of Gate HK, took to X and denied rumors of a hack. He said deposits, withdrawals, and trading are all currently operating normally.
In addition, he recommends users to “don’t believe the rumors” as the frequency of these posts continues to increase every month.
“Gateio as more than 100% reserves, with the latest reserves exceeds $10 billion. I’m going live on X imminently to address this unfounded rumor.

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