Gate saw net inflows of over $127.52 million in the past 24 hours, the #1 globally among CEXs.

Money flowing in will definitely have an impact on IPO subscription for new shares.
In crypto, we come to make money—watching the drama is secondary.
Gate’s Pre-IPO subscription is for OpenAI. The subscription price is 722U, which is 12% lower than the mirror price of 825U. The profit potential is clearly visible.
So far, subscriptions have nearly reached $200 million, with a 13x oversubscription.
The grind is still intense, but as a wealth-management angle, it’s not bad.
Last time with SPCX, not many platforms managed to get allocation. Gate is one of the few that obtained real shares, so for this subscription, many people still recognize Gate’s US stock IPO.
Finally, let’s talk about the $1.7 million theft. I’ve always kept the stance of purely watching the drama and not taking sides.
From a user’s perspective, the first thing is to contact the exchange immediately and file a police report—not argue on X. That does nothing to advance the case.
From the exchange’s perspective, I think that when reviewing large fund withdrawals, they should indeed call and verify multiple times. But then again, the hacker has already deeply taken over multiple key pieces of the victim’s information. If even live verification can be bypassed, then phone verification will be even easier to break. This will be a problem the whole industry has to face and solve.
Now, all that’s left is to wait for the police announcement and calmly watch the drama.