Cryptocurrency

April

Security

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<p><strong>Key Points:</strong></p>  
<ul class="wp-block-list">
 <li><em>Rumors about Gate.io security breach have been denied by the exchange, assuring users that trading, deposits, and withdrawals remain unaffected.</em></li>  
 <li><em>The exchange emphasized its 100% reserve funds, exceeding $10 billion, and condemned misinformation while reserving the right to legal action.</em></li> 
</ul>  
<h5 class="wp-block-heading">Cryptocurrency exchange Gate.io has <a href="https://x.com/gate_io/status/1867487151899767026" target="_blank" rel="noopener noreferrer nofollow">dismissed</a> recent rumours concerning the Gate.io security breach, labelling the claims as untrue and without substance.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/On-Black-10.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/On-Black-10-1024x576.jpg" alt="Rumours About Gate.io Security Breach Are Not True" class="wp-image-296801"></a>
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<h2 class="wp-block-heading" id="the-gate-io-security-breach-is-confirmed-to-be-unfounded">The Gate.io Security Breach Is Confirmed to be Unfounded</h2>  
<p>The security team of <a href="https://coincu.com/159001-gateio-review-complete-system-and-reliable/" target="_blank" rel="noopener noreferrer nofollow">Gate.io</a> has given the green light for an official statement that confirmed that till now, there has been no such abnormality or any reports related to such from any security organization.</p>  
<p>In addition, the exchange confirmed that everything is running well: deposits, withdrawals, and trading. Gate.io ensured that it is an organization of transparency with a disclaimer breath-taking by reiterating its commitment to a 100% reserve funds policy, which has recently topped more than $10 billion dollar reserves. It called industry players to promote healthy competition and work toward more transparency.</p>  
<h2 class="wp-block-heading" id="legal-action-threatened-against-misinformation">Legal Action Threatened Against Misinformation</h2>  
<p>Rumours of a Gate.io security breach that spread over social media encouraged users to withdraw their funds. However, according to data from blockchain analytics firm <a href="https://x.com/GNcrypto_news/status/1867496904650629458" target="_blank" rel="noopener noreferrer nofollow">Arkham</a>, the total assets on the platform have barely changed, indicating little reaction from the user base to the rumours.</p>  
<p>In a successive statement <a href="https://www.gate.io/vi/announcements/article/41636" target="_blank" rel="noopener noreferrer nofollow">published</a> on its official website, Gate.io gave an order with strong condemnation against misinformation dissemination:</p>  
<blockquote class="wp-block-quote">
 <p>"We strongly condemn any actions aimed at spreading false information and creating panic, and we reserve the right to pursue legal action."</p> 
</blockquote>  
<p>The recent rumours come amidst a history of security challenges the exchange has faced in the past. In November 2022, Gate.io admitted to a past attack by North Korean hackers that had reportedly netted more than $234 million back in April 2018. The incident was not made public at the time.</p>  
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Rumours About Gate.io Security Breach Are Not True

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