Gate just Froze two accounts after the Binance hacker sent over about 250 thousand dollars. That money is nothing next to the billions that got taken, yet it still got stopped cold.
I think this is one of the best moves an exchange has made in a while. Too many places wait for huge amounts before they act. Gate shut it down right away. That tells every thief out there that even a small test deposit can get caught.
It shows that watching the chain and moving quick actually works. Hackers hate that kind of pressure.
If more exchanges did the same, moving stolen money would get a lot harder. This small freeze is a clear win for everyone who wants the space cleaner.
What do you think about this? Don't forget to comment 💭
Follow for more content 🙂