Popular cryptocurrency exchange Gate.io was unable to process withdrawals due to a technical problem that lasted 6 hours.
Cryptocurrency exchange Gate.io November 2 early in the day technical encountered a problem. With this technical problem, the stock market cryptocurrency withdrawals stoped.
On-chain analysis platform Arkham Intelligenceconfirmed the disruption in withdrawal transactions.
Users approx. for 6 hours Could not withdraw cryptocurrency. With the technical problem resolved, cryptocurrency withdrawal transactions became active again. Gate.io made a statement stating that the glitch was resolved and apologized to the users:
We would like to inform our users that we have fully resolved the previous delays in withdrawing funds after 07:00 (UTC +8) on November 2nd. Please note that all previous withdrawal requests will be processed in order. You do not need to cancel or resubmit your withdrawal requests. We apologize for any inconvenience this may have caused.
In addition to this statement, the exchange also stated that it will publish monthly reports on 100% Proof of Reserve starting from November 2023.
similar problem October 25 The world’s largest cryptocurrency exchange on Binance It happened. Binance stated that there was a technical problem with cryptocurrency withdrawal transactions and the transactions were suspended for a short time.