#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
a16z X account was briefly hacked and false token news was published, it has now been restored.
a16z stated on X: "Earlier today, our X account was briefly compromised. During this time, the account posted a certain Token and other false content, none of which originated from a16z. We sincerely apologize for any inconvenience caused by the actions of the attacker during the brief account takeover."