#gate The real flow of funds after the event escalated.

Figure 1 shows the exchange’s 7-day fund inflows and outflows. Overall, there isn’t any particularly obvious large-scale outflow.

‍#gate As an old exchange, it has also gone through several bull-and-bear cycles, and surviving to this point means it stepped on a lot of corpses. Presumably, the exchange still has the most basic safeguards—after all, only by staying alive is there a chance.

Figure 2 begins from the July 6 incident in which $1.7 million was stolen. Gate has had net fund outflows for 4 straight days. Today is the day with the most outflow, with $40 million flowing out. Currently, its total assets are still $2.3 billion, so you don’t need to worry too much about fund safety issues.

Over these four days, the outflow amount has almost covered the idle funds absorbed in previous days through the USD1 event—essentially working for nothing.

The $1.7 million stolen incident escalation didn’t actually have much impact. Instead, it was the accounts under @gate that had official notices attached—first a collective mockery, then a collective apology—that made many people utterly disappointed in gate. It completely ignited retail investors’ emotions. Not being able to fully handle something like this has left gate heavily criticized, and all kinds of negative rumors have followed one after another. In this kind of situation, traffic will follow user preferences.

The PR team really needs a reshuffle. Being able to anger everyone and the entire group at the same time is truly impressive.