Gate crypto exchange officially refuted all the negative claims against the rumours amid the MultiChain issue.
Gate.io is a popular crypto trade platform in this sector. The services of this exchange are available globally, except in Washington, New York, Cuba, Sudan, Syria, Iran, North Korea, Venezuela, Pakistan, and Crimea. This exchange was founded in 2013 but later acquired by Gate Technology Inc. and has been renamed.
Since the last 7 days, people have seen issues with particular cross-crypto transactions via Multichain. Some people claimed that the main Multichain team was arrested in China.
A few crypto Twitter users noted that many big players transferred their multi-tokens to & from Gate exchange, following the rumours.
However, Multichain & Gate Exchange is independent but still, some people dragged Gate Exchange under the radar & claimed that Gate echange has insolvency problems.
Following this news, Gate token, the native token of the Gate crypto exchange, plunged by nearly 7% within a few hours. The current trade price of this token is 7.88% down over the last 24 hours’ trade price.
The gate.io officially released information against such rumours and confirmed that Gate.io’s services are running smoothly & there is no issue because of any other project operation.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.