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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
FTX founder SBF's prison sentence is expected to be shortened by 4 years.
According to Techub News, as reported by Business Insider, FTX founder Sam Bankman-Fried (SBF) has been sentenced to 25 years in prison for a $11 billion Crypto Assets fraud case, but the U.S. Department of Homeland Security and the Bureau of Prisons (BOP) have now set his expected release date to December 14, 2044, meaning he will actually serve less than 21 years. According to prison regulations, inmates can earn a maximum of 54 days off their sentence per year for good behavior and can further reduce their time by participating in specific prison programs. SBF is currently incarcerated in the low-security prison FCI-Terminal Island in California, where it was previously confirmed that he transferred client funds to his hedge fund Alameda Research.