Just looked at the announcement from GATE regarding the freezing event, and I feel that everyone should not just follow the crowd, but should consider the development of the situation and the evidence chain more closely.

Firstly, I think there is one principle in this matter:

If the funds are indeed involved in fraud and are legally required to be frozen, recovered, and returned to the victims by law enforcement, there is no problem. Any exchange that wants to establish itself in mainstream society must comply with this requirement.

At the same time, users’ assets should also be fully protected. If the assets that users legally hold are frozen merely because of a connection in the funding chain, they also need to receive substantial procedural protection.

So shouldn’t both sides strengthen communication? There are still some noteworthy points in this matter, or is there some misunderstanding?

Firstly, Gate has not directly transferred assets and continues to request additional evidence and introduce local lawyers. These actions are commendable, as they are to some extent considering the users, which is the attitude that an exchange should have.

However, I feel that, at the same time, the platform should further explain: What was the initial basis for the freeze? What verifiable links exist between the involved funds and users' assets? Why is there a restriction on the entire account? Have users been given sufficient opportunities to appeal? What is the amount involved for the users? If the amount involved is far less than the frozen funds, can most of the funds be unfrozen initially?

If these points can be clarified clearly, I believe everyone would have nothing more to say, and may even give GATE a thumbs up.

Compliance is a responsibility that exchanges must undertake, and I fully agree with this. However, judicial investigations also need to be respected, and legal property rights must also be honored.

I hope that the final answer is provided by evidence and legal procedures, rather than being determined by the opinions of any party.

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