According to monitoring by the Bitrace team, in the recent Gate customer funds loss case, the stolen funds have been confirmed to have escaped through a third-party money-laundering public group operated by “Xinbi Guarantee.” All transactions were recorded by the group’s “Report Bot.” On Bitrace Pro, the stolen ETH has been sold at a price of about 1,800 USDT. Bitrace noted that the receiving addresses used by this laundering group are linked to Newpay, a crypto payment tool under Xinbi Guarantee; monitoring shows that since Newpay went into operation, it has cumulatively received more than 1.6 billion USDT in funds.