Gate Security Incident: ZachXBT Reveals Stolen Funds Diverted to Illegal Platform, Recovery Efforts Questioned

Following a recent security incident at Gate exchange, the platform pledged to assist users in fund recovery and legal processes. However, on-chain investigator ZachXBT revealed that the stolen funds had already been transferred to addresses linked to a Chinese illegal goods trading platform, casting doubt on the effectiveness of recovery efforts. The case highlights the complexities of asset retrieval in crypto.

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