#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 launches $350 million data breach settlement distribution
According to Gate News bot, The Daily Hodl reported that T-Mobile, one of the world's largest telecommunications operators, has now begun the process of distributing $350 million in settlement funds to customers.
The settlement amount is related to a large-scale data breach incident that occurred in 2021, where approximately 76 million American customers' personal data was compromised, involving sensitive information such as names, addresses, and social security numbers.
The reconciliation management team has confirmed that the fund distribution work has begun and will continue over the next few weeks.
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