Gate user account reportedly accessed via old Mac web device and legacy passkey, with 746,475 HSK and 100,000–1,700,000 USDT said stolen
AI Market Summary
A reported Gate account takeover via an old device and legacy passkey, allegedly bypassing liveness facial verification, led to theft of stablecoins and 746,475 HSK. Even without proof of insider involvement, the incident highlights authentication and KYC-control fragility at a major venue, which can pressure exchange risk perception, prompt tighter withdrawal scrutiny, and dampen near-term trading confidence across crypto markets.
Impact level
● Medium
Affected assets
BTC/USDT+1.22%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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A Gate exchange user account was reportedly accessed from the owner’s old Mac web device using a legacy passkey, with the platform said to have retained complete records of the login. The incident is described as involving the theft of about 100,000–1,700,000 USDT (U) and 746,475 HSK, with HSK presented as the primary stolen asset. The key dispute centers on how liveness facial verification was passed, prompting calls for Gate to release the verification video for independent review amid speculation about possible AI spoofing. There is said to be no evidence the case was staged, but the failure of security controls is treated as a confirmed outcome in the discussion.
