#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
Movement "Shadow Advisor" exposes former Lianchuang's rat trading to obtain 60 million Move Tokens through Airdrop.
BlockBeats News, on May 22, Movement's "shadow advisor" Sam Thapaliya today revealed that former co-creator Cooper Scanlon obtained 60 million Move tokens through a rat warehouse airdrop. Sam said that Cooper insisted on issuing the highest percentage of token airdrop shares to a group of 75,000 wallets, which is almost the only wallet that can claim, bundle and sell more than 60 million MOVES, and Cooper also instructed to increase the airdrop claim GAS fee so that the vast majority of retail investors will never claim the airdrop. Sam Thapaliya, the "shadow advisor", is also "not good", according to two previous business memos, Movement Labs signed an agreement with two "shadow advisors" (including Sam Thapaliya) to provide up to 10% of the supply of MOVE tokens (worth more than $50 million). Advisor Sam Thapaliya claims that the protocol has not been annulled and is seeking legal recourse to recover 2.5% of the total supply of tokens.