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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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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
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
PANews June 12th news, Ethereum Layer 2 protocol Loopring stated on X platform that due to a recent security vulnerability in Loopring's two-factor authentication (2FA) service, the scheduled automatic upgrade of the smart contract on the Ethereum mainnet, originally planned for June 12th, has been postponed. The upgrade will be conducted at a later time, and the upgrade date will be announced in advance. Please note that this security vulnerability does not affect the security of the smart contract, both existing and new smart contracts are secure.
On June 9th, Loopring disclosed that some smart wallets were hacked. This attack compromised Loopring protocol's 2FA service, allowing hackers to impersonate wallet owners and obtain official guardians' approval for recovery.