#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
Australian regulators will shut down 95 companies involved in Crypto Assets scams, with the amount involved exceeding 35.8 million USD.
According to Mars Finance, the Australian Securities and Investments Commission (ASIC) has announced that the Federal Court has approved its application to shut down 95 companies involved in Crypto Assets investment and online romance scams. These companies have been accused of participating in "pig butchering" scam schemes, enticing victims through fake websites and applications. Currently, nearly 1,500 victims from 14 countries, including Australia, the United States, and India, have filed claims, reporting losses exceeding $35.8 million.