Safe

Kevin

Security

WazirX

<ul class="wp-block-list">
 <li><strong>Gate.io refutes hack rumors, confirming no security issues detected.</strong></li>
 <li><strong>Rumors spread that Gate.io was hacked, leading to unconfirmed reports of massive withdrawals.</strong></li>
</ul>
<p>Gate.io, one of the leading cryptocurrency exchanges, has swiftly “denied circulating rumors of a security breach,” assuring users that all systems are operating normally. The rumors, which surfaced during early Asian trading hours, suggested a possible hack and triggered concerns about massive withdrawals. However, Gate.io promptly refuted these claims, emphasizing that their security team has found “no irregularities, nor have any external security agencies reported issues.”</p>
<p>The exchange, which holds over $10 billion in reserve funds, took to social media platform X (formerly Twitter) to reassure its community. A statement from the team clarified, “Deposits, withdrawals, and trading activities are functioning without any disruptions.”</p>
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 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">The <a href="https://t.co/8kWqgEeplL" rel="noopener noreferrer nofollow">https://t.co/8kWqgEeplL</a> security team has not detected any abnormalities, nor have any security agencies reported issues. Deposits, withdrawals, and trading are functioning normally. Please do not believe rumors!<a href="https://t.co/8kWqgEeplL" rel="noopener noreferrer nofollow">https://t.co/8kWqgEeplL</a> maintains 100% reserve funds, with the…</p>— Gate.io (@gate_io) <a href="https://twitter.com/gate_io/status/1867487151899767026?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 13, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<h3 class="wp-block-heading" id="h-the-crypto-exchange-is-safe">The Crypto Exchange is Safe</h3>
<p>While social media posts spread the rumor and urged users to withdraw their funds from Gate.io, the platform’s total assets remained largely unaffected, as per data from <a href="https://defillama.com/cex/gate-io?usdInflows" target="_blank" rel="noopener noreferrer nofollow">DefiLlama</a>.</p>
<p>Adding to the reassurance, Gate.io’s Chief Business Officer Kevin Lee dismissed the rumors as baseless, calling it an attempt to create unnecessary panic. In a tweet, he humorously commented, “Someone’s trying to ruin my Friday. Stop the FUDs! Going live on X shortly to address this unfounded rumor. BAU!”</p>
<p><a href="https://thenewscrypto.com/gate-io-subsidiary-ceases-operations-withdraws-license-application-in-hong-kong/" rel="noopener noreferrer nofollow">Gate.io’s</a> swift response and transparent communication have calmed the crypto community, confirming that the rumors of a hack were false. The exchange remains fully operational without any disturbance.</p>
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Crypto Exchange Gate.io Denies Security Breach Rumors

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