Announcements Gate.io Statement: Firmly Maintaining a Fair Trading Environment, Resisting Market Manipulation

Gate.io Statement: Firmly Maintaining a Fair Trading Environment, Resisting Market Manipulation

2024-08-12 11:51:27 UTC 1388 Read

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Over our 11 years of operation, Gate.io has always prioritized the protection of our users. We are dedicated to providing a fair, transparent, and secure trading environment. In this process, we rigorously implement strict market monitoring policies and have a zero-tolerance stance against any market violations. We will take action without hesitation to maintain the normal operation of trading activities, regardless of the user's capital size or whether their identity is an institution or a project party, as long as they violate the user agreement and potentially harm the rights of other users.

Recently, our risk control team, while monitoring multiple markets, discovered abnormal trading activities by the NADA team in various markets. After thorough data analysis and investigation, we obtained conclusive evidence that the NADA team is suspected of manipulating multiple markets, which has severely compromised market fairness. Gate.io promptly implemented effective risk control measures on the relevant accounts. However, the NADA team not only failed to cooperate with the investigation and correct their misconduct but also made baseless accusations against our platform and attempted to pressure us by spreading false information through the media. We solemnly declare that these accusations are unfounded and are merely attempts to cover up their own improper conduct.

The Gate.io risk control team consistently adheres to its duties, thoroughly and objectively assesses all suspicious trading clues, maintains neutrality, and is free from any bias. Our goal is to uphold the healthy development of the industry and to protect users from the impact of improper trading activities such as market manipulation.

We strongly condemn the false statements by the NADA team and demand that they immediately cease their defamatory fabrications. Gate.io reserves the right to take legal actions to protect the legitimate rights and interests of the platform and its users. We will continue to monitor the development of this incident and take all necessary measures to ensure market fairness and transparency.

We remind all users to remain vigilant when trading digital assets, be aware of market risks, and avoid being misled by false information. Gate.io will continue to provide high-quality services to our users, maintain the fairness and transparency of the platform through strict risk control measures, and ensure a safe and reliable trading environment for every user.

Gate.io Team

<sp>
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Gate.io Team
Aug 12th, 2024

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