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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
Ripple's Top Lawyer Explains How to Fight Crypto Scams
Stuart Alderoty, chief legal officer at enterprise blockchain firm Ripple, recently came up with a crypto scam survival guide.
Ripple's top lawyer has outlined some common cryptocurrency scams that cryptocurrency market participants have to watch out for. These include pig butchering scams, pump-and-dump scams, fake giveaways, phishing, and impersonation
In his op-ed, Alderoty also shared six pieces of advice on how cryptocurrency holders can remain safe. He has urged them to never share their private keys or recovery phrases. Those who want to protect their holdings short should refrain from clicking substantial links or random texts. Cryptocurrency holders should do their own research before investing, while verifying various details
As reported by U.Today, Ripple issued a fresh warning about XRP scams, stressing that it does not organize giveaways. Fraudsters often impersonate Ripple CEO Brad Garlinghouse as well as some other Ripple executives in order to promote their fraudulent schemes. Most recently, scammers have also started relying on AI technology, such as voice cloning, in order to make fake giveaways more plausible
At the same time, Alderoty has noted that crypto is not inherently riskier compared to other online spaces. Less than 1% of American crypto users have experienced scams or hacking incidents