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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
Russia has seized $8.2 million in cryptocurrency from the Darknet server director of Hydra.
Russian investigators have seized an amount of cryptocurrency worth 649 million rubles (8.2 million USD) from the wallet of Dmitry Pavlov, 35, who claims to be the server system manager of the darknet portal Hydra. According to Izvestia, court documents confirm that authorities have frozen and seized this amount.
Pavlov claimed that he was paid "salary and bonuses" in cryptocurrency, about 15 million rubles (189.277 USD) per year, to maintain the Hydra servers. He holds this money instead of selling, expecting the value to increase. Additionally, he also receives cash to cover maintenance costs.
The Moscow District Court had previously sentenced 16 individuals involved with Hydra, including Stanislav Moiseev, the leader, who was sentenced to life in prison for facilitating more than 5 billion USD in cryptocurrency transactions through this platform.