Gate.io experiences slowdown in deposits and withdrawals due to node maintenance
In a statement, the crypto exchange said that users' funds are safe and transactions are still being processed. Users of the crypto exchange Gate.io are facing slow deposits and withdraw als on transactions due to a node maintenance from a third-party cloud provider, according to an announcement on Dec. 18. Gate.io said the transactions are still being processed, and claimed the funds of users are safe. The company stated: "At this moment, we are monitoring the network connection status of our cloud service providers and will expedite the deposits and withdrawals as soon as the network connection is restored." It is unclear if the delay in transactions is related to OKX's outage, which was caused by a hardware failure at a Hong Kong data center of primary infrastructure provider Alibaba Cloud. As reported by Cointelegraph, Alibaba's Cloud server went offline on Dec. 17 and failed to recover for over fifteen hours, during which users could not withdraw and dep...