#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
The U.S. Treasury Department sanctions Funnull, a company linked to pig-butchering scams in the Philippines, with two addresses frozen by Tether and Circle.
Gate News bot reported that according to MistTrack monitoring, on May 29, the U.S. Treasury imposed sanctions on the Philippine company Funnull for its involvement in Pig-butchering scams.
Tether and Circle have frozen two related addresses: -0xd5ed34...ed510 (frozen 17,594.75 USDT) -TNmRfn...t8 (frozen 2,361 USDT)
These addresses are associated with multiple platforms (such as HuionePay) and are marked by MistTrack as theft, phishing, and Pig-butchering scams.