Crypto exchange Gate.io saw net outflows of about $142.2 million despite rejecting speculation about its health that caused a related token to sink, saying its “operations are running healthily.”
Gate.io had about $1.61 billion in total assets on the platform on June 1, down from $1.88 billion on May 31, according to data tracker DeFiLlama.
The platform, which is about a decade old and ranked in the top 20 globally for crypto trading volume in the past 24 hours, said in a blog post Wednesday that “there are no issues with our operations or withdrawals as rumored.”
Twitter posts had ...
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