#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
T-Mobile was ordered to pay $33 million due to theft of Crypto Assets caused by a "SIM card swap attack."
ChainCatcher news, according to a report by Greenberg Glusker, T-Mobile is facing cryptocurrency theft due to "multiple security vulnerabilities" that led to SIM card swapping attacks. The law firm Greenberg Glusker announced on March 20 that it has obtained a $33 million arbitration award against T-Mobile. The arbitration took place in the fall of 2023 and involved 12 days of testimony. According to Greenberg Glusker, the arbitration panel found that T-Mobile was responsible for multiple security failures that led to SIM card swapping attacks, resulting in the theft of Crypto Assets.