The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120btc.COM): Since the cross-chain protocol MultiChain broke out last week that there was an abnormal delay in the arrival of funds, FUD rumors have spread everywhere, and the official confirmed today that the co-founder and CEO of the protocol, Zhao
Jun, has lost contact, which has exacerbated the panic in the market.

Arkham
Intelligence previously released data showing that since the news that the Multichain team had been arrested in Shanghai, a large amount of MULTI has begun to be transferred to Gate.io, and on-chain data confirmed that more than $10 million in FTM was transferred from an unknown address to Gate.io this week.

Rumor Gate.io is already insolvent

Such a large amount of assets flowing into Gate.io has made the community suspect that there may be a connection between the two organizations, and FUD rumors have begun to emerge. A Twitter user with more than 30,000 Twitter followers tweeted today that Gate.io has become insolvent and suggested that users withdraw funds from Gate.io.

However, it is suspicious that he did not clearly explain the status of Gate.io's asset reserves and the actual relationship between it and Multichain.

However, affected by the relevant rumors, Deflama data showed that Gate.io had a net outflow of US$162 million in the past 24 hours, the largest net outflow among all major exchanges, accounting for more than 12% of its net reserve assets of US$1.26 billion (excluding the platform currency GT issued by Gate.io).

Gate.io had a net outflow of US$162 million in the past 24 hours

Gate.io clarifies: Withdrawals are smooth

Regarding the rumors of insolvency, Gate.io also issued an announcement this morning to clarify that the Gate.io team is currently focusing on the 10th anniversary celebration and the launch of Gate.HK, a trading platform under Gate
Group. The operation is normal and the withdrawal is smooth. There are no rumored operation and withdrawal problems. Please do not believe the rumors and do not be misled by people with ulterior motives to avoid being deceived.

Gate.io also mentioned that Gate.io is committed to further advancing its global strategic layout and compliance procedures. Following Turkey and Dubai, Gate.HK, a trading platform under Gate Group, officially launched its website and opened registration and trading services on the 23rd, and has applied for a virtual asset service provider (VASP) license from the Hong Kong Securities Regulatory Commission in accordance with the latest regulatory preparations.