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Crypto Regulation

Gate Says No User Assets Handed to Indian Police Amid Freeze Case

Gate said no user assets have been transferred to Indian police, which requested a judicial freeze on user funds in September 2025 and later sought asset handover in April 2026. The exchange said it kept demanding additional evidence and that the case remained under judicial review as of September 2026. Gate has hired local counsel and will continue providing legal support to affected users.

Original source

AI take

Gate's public pushback draws a line between complying with a judicial process and surrendering user assets, a distinction that matters for every offshore exchange facing local law enforcement requests. The exchange's insistence on additional evidence, and its willingness to say so publicly, signals a legal strategy built around procedural resistance rather than quiet cooperation. For users on the platform, the practical exposure is less about this single case than about how courts weigh exchange-held funds against law enforcement demands. Whether the judicial review produces a precedent on asset handover is the open question.

Generated by AI for reference only.

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