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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #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
A U.S. judge overturned the fraud conviction in the Mango Markets attack case.
According to a report by Cointelegraph on May 24, Deep Tide TechFlow announced that U.S. Federal Judge Arun Subramanian overturned the key fraud and market manipulation charges against Avraham Eisenberg in the $110 million attack case on Mango Markets. The judge found that there was insufficient evidence to support the jury's conclusion that Eisenberg made false statements to Mango Markets.
The judge ruled that Mango Markets is a permissionless and automated system that cannot be deceived in a legal sense. Eisenberg was previously accused of artificially inflating the price of MNGO tokens by over 1300% within minutes, and using the profits generated as collateral to withdraw $110 million in crypto assets from the platform.
Despite a partial victory in this case, Eisenberg was sentenced to nearly four years in prison for another case related to child pornography. He is still facing civil lawsuits from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.