Hey Zach @zachxbt , @Gate could you take a look at the $ONE (Harmony) situation?
Gate withdrawals are still disabled while almost all CEXs reopened. Gate spot keeps getting dumped, while Binance perp is being pushed up and funding is going heavily negative for weeks. The spread is always about 20-30%.
Seems the situation is good for team, selling tokens to people on a daily basis while those trying to short binance and buy tokens on gate spot.
I’m not claiming this is manipulation without evidence - but willing to know what is actually happening.
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It’s 2025, and this is still happening.
Is the regulator still pretending to be asleep?
@Gate_io maliciously manipulated the LA token — pumping it to $26, 10x higher than other exchanges — just to hunt down short positions.
They’re trading against their own users.
The contract was listed for less than 20 minutes before being pulled, and after liquidating everyone, they even tampered with the data.
Then they dropped a cold, lifeless announcement — basically saying:
“If you got liquidated, that’s your problem.”
This isn’t “market volatility.”
This is a premeditated liquidation trap.
@CoinDesk@Cointelegraph
@Gate_io has stolen my funds.
While the LA/USDT price was around $0.50 on other CEXes, Gate manipulated it and pumped it to $25. As a result, many traders were liquidated. I saw reports that around $18 million was extracted during the liquidation.
There has been no response from support. No refunds.
Gate, you have two options: restore your reputation — or become just another crypto scam.
Roll back all affected balances and let justice prevail.
Please help us @zachxbt@SECGov
$gate $gt #gate #gatescam #scam
@Gate_io scammed their users.
While the LA token was trading at $0.50–$0.60 on CEXs and DEXs, its price on Gate futures spiked to over $27. This anomaly liquidated many users, who lost their funds — and Gate refused to compensate them. Meanwhile, those who profited from the inefficiency freely withdrew. I personally lost $70,000 in this situation, and my account was hit with an additional -$100,000 overdraft. Gate reversed the artificially generated -$100,000, but chose not to refund the real $70,000 I lost.
https://t.co/XDa6uBl5d9 - You can check price on dex by this link and also check price on other CEX`s.
Share this tweet to help bring justice to the victims.
@zachxbt@cz_binance@benbybit@Han_Gate@laura_gateio @_pacelee @kevinlee_gate @SandraLouWeb3
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The countdown to Mainnet launch is on! ⏳
Dive into the diverse array of projects—from DeFi to NFTs and cross-chain solutions—that make up our vibrant ecosystem.