Gate.io, a centralized crypto exchange, has issued a warning of legal action against those spreading rumors of bankruptcy without any concrete source. The rumors began circulating in May, with speculation linking Gate.io to the troubled cross-chain protocol Multichain. Multichain has been experiencing technical difficulties since May 24, with rumors circulating that the protocol's leadership had been arrested and over $1.5 billion in smart contract funds seized by Chinese authorities. Despite reports of traders withdrawing funds, Gate.io's trading volume has remained relatively steady, with its native token GateToken ($GT) currently trading at $4.29.
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Gate.io Threatens Legal Action Against Bankruptcy Rumors Amid Multichain Turmoil
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