In response to recent rumors that Gate.io is insolvent, the exchange released a statement, saying "our operations are running healthily, withdrawals are functioning properly, and there are no issues with our operations or withdrawals as rumored."

Currently, the Gate.io team is focusing on the exchange's 10th-anniversary celebration and the launch of Gate Group's Hong Kong trading platform, Gate.HK.

Recently, some Twitter users found that Multichain team members transferred a large amount of $FTM to Gate.io, and suspected that the exchange was related to Multichain's trouble.