#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
ZachXBT: Law enforcement mistakenly detained a former Yuga Labs security researcher in the 2022 BAYC NFT theft case.
PANews May 10 news, according to Cointelegraph reports, on-chain detective ZachXBT stated that law enforcement mistakenly detained former Yuga Labs security researcher Sam Curry due to a 2022 cyber theft case that stole approximately $1.1 million worth of BAYC NFT. ZachXBT claimed he has identified the Wallet behind the eyewash and linked it to a now-deleted X account. In December 2022, an anonymous attacker stole 14 Bored Ape Yacht Club NFTs, each with a trading price of approximately $86,000 at the time. Law enforcement subsequently "misread the logs of OpenSea, which contained the home IP address of [Curry], and incorrectly classified him as a suspect using this address."