#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
Legal expert: Memes takeover team may face legal risks
On September 9th, according to Decrypt, most of the memes in 2024 will be driven by the community. Billion-dollar projects like Billy and Gigachad will be taken over by early investors and continue to develop after the developers exit. Legal experts warn that community takeover teams may face legal risks such as misleading marketing, fraudulent trading activities, and even criminal false statements. Charlyn Ho, founder of Rikka Law, stated that teams need to clarify project goals and avoid false advertising, or they may face legal liability.