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Gate Freezes Two Accounts It Linked to the Binance Attacker

The exchange said information about the accounts is in due diligence and pledged to cooperate with law enforcement as an investigation continues.

Two access cards rest beside an inactive security reader / TokenPost.ai
Two access cards rest beside an inactive security reader / TokenPost.ai

Gate said it has frozen two accounts it linked to the attacker in a Binance security incident, while information about the accounts enters due diligence and an investigation continues.

The exchange pledged full cooperation with law enforcement and the ongoing investigation. Its announcement did not identify the account holders, state an amount tied to the accounts or say when the freeze took effect. It also did not report an outcome from the review or any recovery of funds.

The freeze is the concrete action Gate disclosed. The exchange said the account information had entered a due diligence process, but gave no detail on how it established the link to the Binance attacker or what the review involves. The announcement offered no update on the investigation's findings.

Gate's stated next step is to cooperate with law enforcement as the investigation proceeds.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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