#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
Security Expert Calls Bitcoin a ‘Time Bomb’—Did Satoshi Nakamoto Make an Oopsie?
Bitcoin, the pioneering cryptocurrency, has long been praised for its decentralization, security, and immutability. However, a recent analysis by security expert Justin Drake has raised serious concerns about the sustainability of Bitcoin’s security model. He described it as a “time bomb.”