Gate Says It Has Transferred No Assets in Indian Police Freeze Case

Gate said Sunday that it has not transferred assets to Indian police in a case involving freeze requests tied to users, as the matter remains under judicial review.

The exchange said it received an asset-freeze request in September 2025. Its anti-money laundering and legal teams have since asked police for more evidence and reviewed cases individually. After receiving a request related to asset transfers in April 2026, Gate said it did not commit to transferring funds and continued seeking supporting material.

Gate said it would continue holding the funds and would not readily transfer them while users pursued their defenses. It said it informed users of case developments after police approved sharing the information, giving them a chance to seek legal remedies.

Gate also said it hired a local law firm to communicate with police and courts. The firm advised Gate that, as a third party, it could not file objections or defenses for users. Gate said it would continue providing legal support.

The update follows a Gate user’s claim that an Indian court approved transferring funds from a frozen account.