If you have funds on gate.io, please withdraw as precaution! Gate.io might have insolvency problems after the arrest of CEO Zhaojun and the Multichain treasury being backed by 30%.

49 thoughts on “If you have funds on gate.io, please withdraw as precaution! Gate.io might have insolvency problems after the arrest of CEO Zhaojun and the Multichain treasury being backed by 30%.”

1. Oh wow, this post gives me some real FTX vibes.

   Let’s hope it’s FUD, but better be safe than sorry! You won’t regret withdrawing your funds now. “Not your keys not your coins” is NOT a meme!

2. Never used gate.io but I have some moons on mexc, heard mexc also has some problems. Is it ok to hold on mexc for sometime?

   Thanks

3. This post gives me 2022 flashbacks. Some of these posts were spot on back then, like the one about Celsius and Luna.

   I would advice everyone to self-custody and be safe.

4. Oh boi, here we go again. We had two days without a major crypto disaster, buckle up everyone!

5. Another day in crypto…

6. I DCAed this morning and now it’s going to dip, you can’t make this shit up

7. Jesus Christ that’s a big dip, be safe everyone

8. Me, a bear market veteran:

   

9. Man if Gate.io goes down, you know it’s gonna get bad.. Not trying to FUD but the entire ecosystem might get affected and we might enter a mini apocalyptic scenario. Sigh

10. Apart from $MULTI, there’s a great inflow of FTM (10 million) allegedly from the Multichain team.

    https://twitter.com/CoinSumption/status/1663945273440362496

    This may drag down the Fantom price as well.

11. Hopefully most people have learned their lesson from FTX by now, right?

    … right?

12. If we lose Gate.io then moons lose a huge place of trading.

    Let’s hope nothing bad happens.

13. Reddit please take this seriously. We also had warning posts like these before FTX collapsed. And dont ever think this cant happen to your beloved exchange, it can happen so it take your money out now

14. Another bites the dust ay, and another and another one.

15. And people here are saying China is suddenly pro crypto. It’s clear that they just want to takeover and control every aspect of it, which directly contradicts having cryptos in the first place.

16. Triggering a bank run.

17. That’s why you should never leave your money in a cex

18. Such news ruins the whole crypto experience and makes me nervous

    Sigh..

19. That exchange looked so sketch to me, as soon as i went on it i was like hell nope lol.

20. Hmmm interesting

21. Another one bites the dust

22. This post gives me Celsius vibes.

23. GATE.io is a massive piece of shit of a CEX

    Like for real, fud or not do not use that crap for the love of god

24. Thanks! What a great community we have here! I have some cash in there, it’s been taken out now!

25. Very sad indeed. Gate is still my favorite exchange .
    .thanks for the headsup mate.

26. I hope the exchange stays in business.One of my go-to places for gambling on new small coins and a place to get XMR

27. Another one bites the dust.

28. Rip to whoever is staking assets with them

29. Thanks for the post, I think it’s better to withdraw now.

30. annnnnnnndddddddddd

31. Well at least the CEO is already arrested lmao

32. Ruhoh Raggy!

33. >The Gate.io team might have insolvency problems after the arrest of CEO Zhaojun and the Multichain treasury being backed by 30%.

    What is this sentence even supposed to mean? How is the Multichain treasury related to Gate?

34. I’m locked out of my gate account, lost sim card 😭

35. – Chart stretched AF to emphasize the price drop when it’s just following the market (seriously, it takes 1 minute to see that it dropped way worse in the past)

    – Withdrawals working

    – Assets visible on DefiLlama/Arkham whatever the fuck else

    Just another day in crypto, wannabe influencers looking for clout and people listening to them

36. Just a FUD

37. Man, if I lose my 100 shib, I’m gonna be pissed

38. Many thanks OP.

39. This is Scary frens

40. I been using gate for years. Shady as hell, but always worked.

41. Seems like another one bites the dust

42. Hackers are entering in Gate.io through their opened windows :).

43. Does that mean if it goes bust i can get Moons for even cheaper?

44. saved this post to donate to OP some from what I have just withdrawn rn in case of rug

    just in case, OP, please PM me when gate.io goes illiquid

45. Ah shit! Here we go again…

46. I am so confused. What team has been arrested? Gateio team or Multichain team or both?
    Why would any team be transferring tokens to Gateio team if they have been arrested?

47. Paging detective u/vocatus, what’s your take oh wise one 🙏

48. Celsius says happy bday!

    Also wtf, are we in a simulation? Are we being trolled?

49. Shorted GT on Gate.io that’s how you do it right bois?

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