Gate Says Account Freeze, Asset Deduction Followed Indian Court Order

Cointime update: Gate has confirmed that the freeze and deduction of a user’s account assets were executed under a formal judicial letter from authorities in India’s Andhra Pradesh state, saying the case is in court and the platform cannot lift the restriction itself. The user said they deposited 15 BTC in July 2025, denied links to a crypto fraud, and received a Gate email on Nov. 12 saying an Indian court had approved the deduction. The Andhra Pradesh CID had traced a roughly $1.5 million crypto fraud to four Gate accounts, and a court on Oct. 30 ordered the assets converted to USDT and returned to victims.