- Gate.io suspended withdrawal services for a period of 24 hours as a protective measure.
- The move came after detecting specific changes in the customers’ account security settings.
- After 24 hours since the changes have been made, users can resume their withdrawals.
The centralized crypto exchange Gate.io has reportedly ceased withdrawal services for 24 hours as a protective measure. The move came following the detection of certain changes in the “account safety settings,” as declared by the platform.
Colin Wu, a renowned crypto reporter, shared insights on Gate.io’s abrupt closure of withdrawal, via his official page, known as Wu Blockchain on X. As per his tweet, due to some “technical problem[s]”, customers are unable to withdraw their holdings from Gate.io, for around 5 hours.
The cryptocurrency exchange Gate is unable to withdraw coins and has stopped withdrawing coins for nearly 5 hours. Officials said it is a technical problem. https://t.co/1XlcV049C0— Wu Blockchain (@WuBlockchain) November 2, 2023
According to the guidance issued by Gate.io’s customer support center, the community members who have “set up, changed, or reset any s…
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