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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
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Dare to trade. Dare to win. - 📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
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Post original content on Gate Square related to WXTM or its
FTX Market Manipulation Case Exposed: Shocking Internal Management Loopholes
Shocking Insider Information from FTX: Market Manipulation Case Comes to Light
The aftermath of the FTX bankruptcy incident is still ongoing. As related lawsuits progress and documents are disclosed, some unknown insider information is gradually coming to light.
Recently, a lawsuit against Nawaaz Mohammad Meerun has attracted widespread attention. It is reported that Meerun is suspected of exploiting vulnerabilities in the FTX system to conduct large-scale market manipulation, profiting hundreds of millions of dollars. This incident not only exposes Meerun's illegal activities but also highlights serious issues within FTX's internal management.
Low Liquidity Token Manipulation Techniques
According to court documents, Meerun primarily engages in market manipulation through the following methods:
A large purchase of low liquidity tokens, such as BTMX, leads to a price spike.
Utilize the loopholes in FTX's leverage and margin trading rules to borrow large sums of money using high-value tokens as collateral.
Shorting certain tokens on the FTX platform forced Alameda Research to inject significant funds to close positions.
These operations led to significant fluctuations in the prices of related tokens, causing a huge impact on the market.
FTX Internal Management Vulnerability
Even more shocking is that, despite receiving warnings, the senior management of FTX did not take timely and effective measures. For example:
These mistakes led to Meerun ultimately successfully transferring over $450 million in illegal proceeds.
Industry Warning
This event has sounded the alarm for the cryptocurrency industry, highlighting the following points:
The exchange needs to improve its KYC procedures and strictly enforce anti-money laundering regulations.
Strengthen internal control mechanisms to prevent employee negligence.
Establish a sound risk assessment system, with a particular focus on low liquidity assets.
Investors should be wary of the unusual fluctuations of low liquidity tokens and carefully choose trading platforms.
Although Meerun denied these allegations, the case is still ongoing. Regardless of the final outcome, this incident provides valuable lessons for the entire industry, calling on all parties to remain vigilant, strengthen regulation, and maintain market order.