This market will resolve to "Yes" if Gate.io withdrawals for USDC, BTC and/or ETH are suspended for a majority of users for at least 7 full days by Dec 31, 2023, 11:59:59 PM ET. If a consensus of credible reporting states that Gate.io is insolvent by Dec 31, 2023, 11:59:59 PM ET this market will also resolve to “Yes.”
Otherwise, this market will resolve to "No".
Gate.io withdrawals being suspended for a majority of users means that a majority users are unable to withdraw their USDC, BTC and/or ETH, from Gate.io.
If Gate.io suspends withdrawals on a day in the last week of December (e.g Gate.io halts token withdrawals on December 30, 2023, 4 PM ET), this market will not resolve until either: 1) withdrawals are reenabled before 7 full days pass, resulting in a "No" resolution; 2) 7 full days pass (Dec 30 - Jan 6, 2024, 4 PM ET) where withdrawals are suspended, resulting in a "Yes" resolution.
This market will resolve according to official information released by Gate.io, the leadership of Gate.io, and/or official representatives of Gate.io (e.g. lawyers, spokespeople, etc.), however a consensus of credible reporting may also be used.
1,000🏅 Top traders
| # | Trader | Total profit |
|---|---|---|
| 1 | Ṁ68 | |
| 2 | Ṁ55 | |
| 3 | Ṁ25 | |
| 4 | Ṁ4 | |
| 5 | Ṁ4 |
There are rumors of Gate.io's insolvency due to it's connections with multichain: https://twitter.com/lookonchain/status/1664216395968831489?s=20 https://twitter.com/DU09BTC/status/1664147227978129409?s=20 https://twitter.com/OnchainDataNerd/status/1664198485292482567?s=20 As a result, there has been a bit of a bank run on Gate.io.
