#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
Bermuda Premier Impersonated by Scammer Promoting Fraudulent Token
An imposter posing as the Premier of Bermuda has been identified promoting a fraudulent token. The scammer attempted to deceive individuals by exploiting the Premier’s identity to lend credibility to their scheme. This deceptive tactic highlights the ongoing issue of scammers using false endorsements to dupe unsuspecting victims.
It is crucial for individuals to remain vigilant and exercise caution when interacting with cryptocurrency projects. Always verify the legitimacy of information and double-check any endorsements purported by public figures. By staying informed and practicing due diligence, individuals can protect themselves from falling prey to these malicious schemes.
As the cryptocurrency market continues to evolve, scammers are constantly seeking new ways to exploit individuals for their own gain. It is imperative for the community to work together to identify and report fraudulent activities, ultimately safeguarding the integrity of the industry.
Remember to only engage with reputable projects and conduct thorough research before investing in any cryptocurrency. Education is key in combatting scams and ensuring the protection of your assets. Stay informed, stay vigilant, and together we can create a safer environment for all participants in the cryptocurrency space.
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