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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
The blockchain forensics company AMLBot reveals a vulnerability in the USDT freezing mechanism that resulted in a loss of 78 million USD.
Gate.io News bot news, the blockchain forensics company AMLBot released a report revealing technical vulnerabilities in Tether's USDT freezing mechanism. According to Decrypt, due to latency between freeze requests and execution caused by multi-signature contracts, a total of over $78 million in funds has been lost across Ethereum and Tron networks since 2017.
Specific data shows that the losses on the Tron network reached $49.6 million, while the losses on the Ethereum network amounted to $28.5 million. The report indicates that 4.88% of blacklisted wallets completed 2-3 transactions during this latency period.
The security company PeckShield has confirmed the existence of the vulnerability and suggested to Tether to bundle the freeze requests with signatures into a single transaction to eliminate the time window. Currently, Tether has not responded to this incident.