Cryptocurrency exchange Gate.io has suspended its withdrawal service for 24 hours as a protective measure after detecting certain changes to “user account security settings.”

“A change has been detected to your account security settings. To protect your funds, withdrawals are disabled for 24 hours. If you see this message, simply wait and try to withdraw again after 24 hours,” the Gate.io exchange states in its automated notification when initiating a withdrawal transaction.

The fact of suspension of operations with the withdrawal of assets from the Gate.io exchange confirmed famous crypto reporter Colin Wu, who shared information through his official page on X (Twitter). According to his post, customers are unable to withdraw their assets due to some “technical issue” on Gate.io. So far, there have been no official public comments on the reasons for the suspension of services from the Gate.io exchange.

Let us recall that several months ago the management of the cryptocurrency exchange threatened legal action against members of the crypto community who were spreading rumors about its imminent bankruptcy.