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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
Post your - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re
SBF issues an apology letter explaining the FTX crisis and commits to doing everything possible to save user assets.
SBF, the founder of FTX, issued an apology letter on the evening of November 10, expressing regret for the recent difficulties faced by FTX and explaining the current situation. He stated that the total asset value of FTX International is still higher than customer deposits, but there are serious liquidity issues.
SBF admitted that he made mistakes in two key areas. First, the company's internal management of bank-related account labels was inadequate, which led him to seriously underestimate the actual leverage ratio of users. Second, he failed to respond promptly to the sudden large-scale withdrawal requests on Sunday, with a withdrawal demand of about $5 billion far exceeding previous records.
In response to the current situation, SBF stated that he will do everything possible to improve liquidity and is negotiating with multiple parties, including signing letters of intent and investment term sheets. He promised to directly give every penny and all collateral to users until all user issues are resolved.
In addition, SBF announced that Alameda Research will end its trading business. He emphasized that regardless of how FTX develops in the future, the top priority is to achieve complete transparency, allowing all stakeholders to participate in the operations of FTX.
SBF specifically pointed out that this incident only involves FTX International, while FTX US, as an independent US exchange, has not been affected in its financial situation, and users can withdraw normally.
Finally, SBF once again apologized to all those affected and promised to share the latest developments in a timely manner. He stated that he would take full responsibility and do everything possible to do the right thing for the users.