Crypto India|Nov 15, 2026 09:58
Breaking: 🇮🇳 Gate crypto exchange says it has not handed over user funds to Indian police despite a request to transfer the frozen assets.
Here's what happened:
1/ September 2025: Indian police asked Gate to freeze certain user funds as part of an investigation.
2/ April 2026: Police requested Gate to hand over the frozen funds. Gate sought further evidence and did not transfer the assets.
3/ September 2026: Police confirmed that the case was still under court review.
4/ Current status: The funds remain frozen under a court order. Affected users can respond through the court process, with Gate providing legal assistance.
Gate says no user funds have been handed over and the case remains ongoing.
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