UPDATE: Gate made a mistake with the chains, they are fixing it now. For now, don't deposit your moons there. I take back all allegations of foul play.

We're all excited about MOON listings. MEXC then Gate... I assume a ton of other CEXes will follow. But there's something regarding the Gate listing you MUST be aware of:

https://preview.redd.it/3uc2hiva70n91.png?2350&format=png&auto=webp&s=85ef28d994086224ff73de11debaa88e76579a86

Gate takes MOON deposits only on Arbitrum, while the new MOONs are on Arbitrum Nova!

They won't deposit!

If you send MOONs to your Gate deposit address for MOONs, Gate will receive your good moons (on Abritrum Nova) since they control that ETH address, but they won't be credited into your account!

Exchanges never give you back crypto deposited into the wrong network, even though they do control the key from those addresses. It's like depositing Binance-wrapped ETH into an ETH deposit address on the CEX! You will lose your money!

Second-tier exchanges often use wrong names of the blockchains (like Binance instead of BSC) but mostly it doesn't cause any trouble, because there's usually only one mainnet and it's self-explanatory. But in this case, when there's Arbitrum, Arbitrum One, Arbitrum Nova – all different chains, it's pretty confusing. (fixed. Arbitrum and Arbitrum One is the same thing, thanks r/ismirschlecht for pointing it out).

Why not list MOONs on the actual blockchain they are currently on?? Like what is the reason?? It's like opening a BNB deposit but on the old "Binance chain", acutlaly receive lots of good BNB and keep it because it was indeed wrongly deposited. This clever loophole will make Gate thousands of MOONs in wrong deposits.

Another reason to ALWAYS send a small test transaction first.

PS: Full disclosure – I did want to sell a portion of MOONs on the listing spike up to buy back a few hours later when the price would stabilze – Gate's listing spikes are pretty sweet. But I only ended up losing 200 MOONs... Be careful out there!