Insiders: Gate.io's Ethereum wallet assets are only $479 million, with ETH and USDT accounting for 21% of total assets

2022-11-15 17:17:10

Collection

ChainCatcher news, on social media, on-chain analyst Lookonchain stated that on-chain detective ZachXBT revealed that the cryptocurrency exchange Gate.io was hacked by North Korean hackers on April 21, 2018, resulting in a theft of $230 million, which has not been disclosed to customers to this day. On-chain data shows that the first transaction from Gate.io's hot wallet also occurred on April 21, 2018, indicating that Gate.io concealed the fact that funds were stolen.

In addition, Lookonchain also stated that by analyzing four wallets of Gate.io on Ethereum, it was found that Gate.io only has $479 million in assets. Gate.io holds 71.3651 million GT and 3,139,008,926,439 SHIB, which together account for 61% of total assets. Gate.io only holds 53,930 ETH and 31.98 million USDT, which together account for only 21% of total assets. (Source link)

Related tags

Gate.io GT North Korean hackers

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.