Pay with

USD

Supports Visa, Mastercard, SEPA & more

Flexible trading, zero fees

Use your crypto for payments worldwide

Basic

Trade crypto freely

Magnify your profit with leverage

Convert & Auto-Invest

Trade any size with no fees and no slippage

Get exposure to leveraged positions simply

Pre-Market Trading

Trade new tokens before listing

Advanced

Trade on-chain with Gate Wallet

Smart access to new on-chain tokens

Smart strategies with automated trading

Follow expert trading strategies

CrossEx Trading

One margin balance, shared across platforms

Access hundreds of perpetual contracts

One platform for global traditional assets

Trade European-style vanilla options

Unified Account

Maximize your capital efficiency

Introduction to Futures Trading

Learn the basics of futures trading

Join events to earn rewards

Use virtual funds to practice risk-free trading

Launch

Collect candies to earn airdrops

Quick staking, earn potential new tokens

Hold GT and get massive airdrops for free

Unlock full access to global stock IPOs

Trade on-chain assets and earn airdrops

Earn futures points and claim airdrop rewards

Investment

Earn interest with idle tokens

Auto-invest on a regular basis

Dual Investment

Profit from market volatility

Earn rewards with flexible staking

Pledge one crypto to borrow another

One-stop lending hub

Premium wealth growth plans

Private Wealth Management

Premium asset allocation

Top-tier quant strategies

Stake cryptos to earn in PoS products

No-liquidation leverage

Mint GUSD for RWA returns

Post, share, and explore crypto trends

Live crypto market analysis

Chat with crypto traders

What is happening in crypto

More

Promotions

Activity Center

Participate in activities to earn rewards

Invite friends to earn referral rewards

Affiliate Program

Earn exclusive commission rewards

Grow influence and earn airdrops

Real-time platform updates

Crypto industry articles

Huge fee discounts

Asset Management

One‑stop asset management solution

Enterprise digital asset solutions

OTC Bank Transfer

Deposit and withdraw fiat

Generous API rebate mechanisms

AI

Your all-in-one conversational AI partner

Use Gate AI directly in your social App

Gate Blue Lobster, ready to go

Gate for AI Agent

AI infrastructure, Gate MCP, Skills, and CLI

Gate Skills Hub

From office tasks to trading, the all-in-one skill hub makes AI even more useful.

Smartly choose from 40+ AI models, with 0% extra fees

Others

Find FAQs and help guides

Learn about crypto investing

Grow with the champions

Proof of Reserves

Gate promises 100% proof of reserves

Keep your assets secure

$292M Crypto Hack Forces DeFi Security Rethink

CryptoFrontier

Security Incidents

2026-05-02 21:01:32

The year’s biggest crypto hack and DeFi crisis is forcing industry insiders to rethink risk, security, and market structure, according to CoinDesk. The incident, valued at $292 million, comes as Wall Street moves onchain, raising concerns about the sector’s preparedness for institutional capital flows.

Beyond this initial assessment, the source material does not provide specific details about the hack’s date, affected protocols, technical vulnerabilities, or named insiders’ specific recommendations for change. For comprehensive coverage of this incident, including root cause analysis and concrete security reforms, additional sources would be required.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related News

DeFi Suffers $606 Million in Losses in April; Drift, Kelp DAO Account for 95%

Crypto Hacks Hit Record High in April With 20+ Exploits, $600M+ in Losses

North Korea Accounted for 76% of 2026 Crypto Hack Losses in First Four Months, $577M Stolen: TRM Labs

Related Articles

$292M DeFi Hack Prompts Security Rethink

Crypto Frontier05-02 14:58

After Black April DeFi 28 hacking incidents, Curve builds an on-chain junk bond market: affected users can sell their claims at a discount

ChainNewsAbmedia05-02 07:14

DOJ: 1,000 Victims Hit in $215M Scam—$1.2M in Crypto, Cash Found

Coinpedia05-02 02:34

Hundreds of Ethereum Wallets Simultaneously Hacked, Assets Transferred

Crypto Frontier05-01 17:41

North Korean Spies Targeted Drift in $285M Theft Operation

Crypto Frontier05-01 07:07

Comment

0/400

NightTideShell

· 05-02 22:00

Code is law? The law says this pot is not responsible.

View OriginalReply0

BudgetDeFi

· 05-02 21:58

292 million in tuition fees, the industry needs to wake up.

View OriginalReply0

PerpWhisperer

· 05-02 21:10

This is not a DeFi crisis; it's clearly a trust crisis.

View OriginalReply0

MildlyRugged

· 05-02 21:08

Wall Street's money isn't charity; when trouble arises, they run faster than anyone else.

View OriginalReply0

MerkleGarden

· 05-02 21:06

Before institutions enter the market, make sure to review the safety course first.

View OriginalReply0

RiskParityKid

· 05-02 21:04

292 million dollars, how many pizzas can that buy?

View OriginalReply0