#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
BitClout Founder Cleared in Multi-Million Crypto Fraud Scheme as DOJ and SEC Drop Charges
U.S. authorities have decided to drop charges against Nader Al-Naji, the founder of the decentralized social network BitClout, following legal battles concerning fraud and the sale of unregistered securities. As reported by Law360, court documents reveal that on February 28, U.S. Magistrate Judge Henry J. Ricardo granted the request from federal prosecutors in New York to dismiss the complaint without prejudice, marking a big turn in the case.