Gate Stolen Funds Flow to Xinbi Addresses, Recovery Tracking Now Impossible
2026-07-10 18:23

Woofun AI reports that on-chain investigator ZachXBT identified the movement of stolen funds from Gate users to addresses linked with the crypto-collateral platform Xinbi (0xff9c...35fb8). The investigator stated that further tracking of these funds will not assist victims in recovery. Gate’s official Chinese social media account announced the formation of a specialized team to help users trace assets and apply for fund freezing. The exchange urged users to seek legal assistance through lawsuits and apologized for previous customer service failures.

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ZachXBT
Xinbi
Gate
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