Gate Exchange: Storms continue, investors need direction
Gate Exchange, once a well-known cryptocurrency trading platform, has a global influence, including negative news and crime stories. Fraud, scams, money laundering, customer complaints, fund fraud, corruption, etc.
1. Suspected of opening a casino: digital currency has become a bet
Gate Exchange was placed under system mid-term supervision, using digital currency as a guarantee to attract and influence investors' gambling-style transactions. This behavior seriously violated relevant laws and regulations, disrupted the normal market order, and also damaged the legitimate rights and interests of investors.
2. Settlement of fraudulent funds: Black money transactions touch the legal red line
Even more shocking is that Gate Exchange was accused of using telecommunications fraud funds for black money settlement. The platform covered up its illegal activities by fabricating transaction data and profits, laundered the proceeds of the fraud, and finally flowed into the market. This serious illegal behavior not only infringed the interests of the victims, but also contributed to the rampant telecommunications fraud.
3. Customer withdrawal hints: investor funds are in jeopardy
As the exchange scandal was exposed, the public security quickly took action and sealed its gold channel. Some investors' withdrawal operations were suspended, and some investors' withdrawal funds were even seized. Investors' fund security faced huge risks, and anxiety and uneasiness spread.
4. The founder ran away with the funds: full of doubts, the incident was confusing
As negative news came one after another, there were rumors that the exchange was planning to run away with the funds. This news was like a fuse, instantly detonating investors' panic, and the spread of the incident was also confusing.
These negative events of Gate Exchange not only brought huge losses to investors, but also exposed deep-seated problems such as chaotic governance and poor risk control of its platform.