Gate responded to reports of user account asset seizures, stating it was in cooperation with an investigation by Indian judicial authorities.

DeFi platform Vestige will cease operations on December 31, shutting down its main site, API, trading aggregator, and related services. Trading volume within the Algorand ecosystem was insufficient to cover the costs of running Vestige, and the team failed to achieve long-term profitability. Assets in user wallets will remain unaffected, and assets deposited into the Vault will still be accessible through the existing front-end. Vestige will destroy all remaining VEST tokens and VEST liquidity tokens held in the Vault.

Forward Industries, the largest treasury for SOL, transferred 1.8828 million SOL tokens, worth $130 million, to Coinbase Prime. Forward Industries currently holds 8.727 million SOL tokens, valued at $611 million.

The Kava Lend protocol was compromised, with attackers exploiting a vulnerability in the BUSD market to borrow approximately 55.2 million KAVA, worth about $3.76 million. The attackers reduced the net supply of the BUSD market to a minimum, amplifying the value of deposits by approximately 243,000 times within about 3 minutes. They then borrowed KAVA in 127 separate transactions by inflating collateral and used a second account to liquidate the loans, bypassing borrowing limits. Approximately 49.2 million KAVA tokens were transferred to the BNB Chain via LayerZero, with most being sold for approximately $2.09 million worth of BNB and USDT. Attackers began testing the attack on the Kava Lend market on November 8th. Kava stated that the attack was not an unlimited issuance and its impact was limited to the Kava Lend. (Source: The Block)

1. Jiang Zhuoer opened a 200% short position in Bitcoin at $65,720 to hedge against further losses. 2. The Czech Ministry of Finance has banned the use of Bitcoin in retirement accounts. 3. Federal Reserve Chairman Kevin Warsh will convene a public forum in San Francisco on November 16 to discuss the impact of artificial intelligence on inflation, productivity, and employment. 4. JPMorgan Chase's holdings of crypto-related assets exceed $1 billion. 5. Bitcoin ETFs have faced $2.35 billion in selling pressure over the past two weeks. 6. The Ethereum Foundation sold 7,500 ETH in 4 days for 14.52 million USDS. 7. The central banks of the UK, Singapore, and Thailand are testing cross-border stablecoin foreign exchange settlement. 8. In the past 24 hours, the total value of contracts liquidated across the network reached $1 billion, mainly long positions. The above is a selection of trending topics from the past 24 hours. Click to read the full article: https://www.aicoin.com/article/557642

User @xxxkeym's account was frozen after depositing 15 BTC into Gate in July 2025. The user claimed that the value of the account's assets dropped from over $3 million to approximately $1.6 million, and on November 12, he received a notification from Gate stating that an Indian court had approved the seizure of the account's assets. Gate responded that the account restrictions were enforced based on a formal judicial letter from the Andhra Pradesh judicial authorities in India, and the relevant case has entered judicial proceedings, so the platform cannot lift the restrictions on its own. The Indian CID in Andhra Pradesh investigated a cryptocurrency scam involving approximately $1.5 million and traced it to four accounts on the Gate platform. On October 30, the court ordered the assets to be converted into USDT and returned to the victims.