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As reported by Cointelegraph, on May 31, 2023, Gate.io, a centralized crypto exchange, disagreed with the illiquidity rumors and mentioned that there were no issues with our operations or our withdrawals, as rumor had it. This statement is expected to have been made after Twitter channels accused the exchange of insolvency for an alleged relationship between the Multichain (MULTI) cross-chain router protocol and the crypto exchange.
Sources revealed that allegations against the insolvency of Gate.ios occurred after several events in Multichain. Supposedly, on May 24, 2023, Arkham Intelligence, a blockchain analytics company, released a data exchange chart of MULTI to Gate.io, which was related to speculation made by the protocol team of was arrested in Shanghai, Arkham Intelligence told Cointelegraph.
Using insights from blockchain data, more than $10 million in FTM was transferred from an unknown user to Gate.io between May 25, 2023 and May 26, 2023, Cointelegraph pointed out.
Additionally, Gate.io disagreed with the rumors and expects to withdraw and operate as normal, Cointelegraph concluded.
(With information from Cointelegraph)
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Sources 2/ https://www.financialexpress.com/business/blockchain-gate-io-faces-allegation-against-illiquidity-issues-3110605/lite/ The mention sources can contact us to remove/changing this article |
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