Gate: The case involving the freezing of assets by the Indian police currently has no asset transfer

On November 15, the cryptocurrency trading platform Gate published an article on its Chinese account, explaining the handling process of a case where user funds were judicially frozen by the Indian police. Gate stated that as an independent third party, it will not make judgments or promises to transfer assets based solely on unilateral materials; each request will be internally reviewed on a case-by-case basis, and currently, no assets have been transferred. Gate mentioned that the case has been continuously followed up with legal resources since 2025, assisting users in establishing communication channels and seeking time, rather than directly cooperating with the execution upon receiving requests from the Indian police.

Gate stated that after receiving the asset freeze request from the Indian police in September 2025, the AML team continuously requested supplementary evidence, and the legal department also kept asking for additional materials. The on-chain records provided by the police involved multiple wallets and fund transactions.

When the request related to asset transfer was received in April 2026, Gate did not directly promise to execute it but continued to request supplementary materials and insisted on case-by-case reviews, stating that it could not directly promise asset transfer. According to communications regarding the case in September 2026, the case is still under judicial review. As of the date of publication, the relevant funds are still held by Gate, and the user will not easily transfer them during the defense process.

Gate also stated that on the same day it received the police notification regarding the submission of prosecution materials, it confirmed with the police whether it could inform users about the progress of the case, and after obtaining consent, it synchronized the situation to the relevant users so that they could understand the judicial progress and seek legal remedies. The local law firm hired by the platform is communicating with local police and courts.

According to the law firm's opinion, Gate, as a third party, cannot replace users in defending or questioning but will continue to provide legal support. Gate reiterated that the platform has a responsibility to cooperate with judicial investigations but will not, and has never, easily transferred user assets based solely on unilateral materials.