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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
Former Celsius CEO sentenced to 12 years in prison for encryption fraud, with the judge ordering him to report to prison by September 12 at the latest.
According to ChainCatcher news and Inner City Press reports, former CEO of the crypto assets lending platform Celsius, Alex Mashinsky, has been sentenced to 12 years in prison for cryptocurrency-related fraud. The judge has ordered him to surrender to prison no later than September 12. Mashinsky (59) had previously pleaded guilty to two charges of commodity fraud and a fraudulent scheme to manipulate the price of the company’s native coin (CEL). Prosecutors stated that he orchestrated one of the largest frauds in the crypto assets industry and had suggested a 20-year prison sentence.