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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
Renzo protocol has completed the handling of the erroneous transfer of 27.96 million dollars, with users receiving 80% reimbursement.
According to the Gate.io News bot, a report monitored by @EmberCN indicates that user X (qklpj.eth) mistakenly transferred 7,912 ezETH (approximately $27.96 million) into the Renzo protocol contract address in June 2023. After several rounds of negotiations, Renzo has recently destroyed the ezETH in the original contract address and completed the reminting.
According to the final processing plan, out of 7912 ezETH, users receive 80% (6329 tokens) back, the Renzo DAO treasury receives 10% (791 tokens), and another 10% is transferred to the 0xC5e multi-signature address as a fee.
Source: Wu Says