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%.

Hi everyone,

This post is as precaution to withdraw your funds from gate.io! The Gate.io team might have insolvency problems after the arrest of CEO Zhaojun and the Multichain treasury being backed by 30%. Their native token is also falling drastically.

See it here:

https://preview.redd.it/zqo1w5tyod3b1.png?602&format=png&auto=webp&s=0cada3ab306f4219dc05686294f254030ff7086b

Also Arkham is reporting some shady transactions:

https://preview.redd.it/bxbq9ul8pd3b1.png?600&format=png&auto=webp&s=3c4016c2296ae5b9fda5214767db317316ad15e4

As precaution I advice you to withdraw your funds from gate.io! This CEX also has moons listed so withdraw your moons too just to be safe.

Be safe there guys!

ChemicalGreek

Source:

1) https://twitter.com/CoinSumption/status/1663952023027613698?s=20

2) https://twitter.com/ArkhamIntel/status/1661405156469030915

3) https://cointelegraph.com/news/gate-io-denies-liquidity-problems-after-multichain-ceo-goes-missing