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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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✅ 5,000 GT Prize Pool
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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
- Limited-Time Airdrop Is LIVE — Don't Miss Out!
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👉 https://www.gate.com/campaigns/1227
- #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
Analysis: A single transaction of KOGE was squeezed with 47,000 USD as the user set a slippage of nearly 50% and did not enable MEV protection.
BlockBeats News, on June 8, according to the analysis of X user @litangsongyx, the reason for the loss of users who "traded KOGE/USDT for a single transaction of $47,000" this morning was that nearly 50% slippage was set and MEV protection was not turned on. The user traded $210,000 in a single transaction and eventually received $161,000 worth of KOGE, losing $47,000. Due to the user's huge trading volume, Routing splits his transaction into 3 liquidity pools: $120,000 trading volume uses the Uniswap V4 liquidity pool; $43,000 trading volume using the Uniswap V3 liquidity pool with tail number E507; The $47,000 trading volume uses the PancakeSwap liquidity pool with tail number 7057; When trading through the PancakeSwap liquidity pool with tail number 7057, the MEV bot used a $320,000 transaction to push KOGE to an extremely high level, causing the user to complete the transaction at an extremely high price. There is no problem with the PancakeSwap liquidity pool, which is only responsible for the exchange, and the slippage is determined to be routed by the order. The fromTokenAmount parameter indicates that the user wants to exchange 214838 USD for KOGE, and the minReturnAmount parameter indicates that the minimum amount of KOGE that the user wants to receive is 1640 KOGE, and the actual amount of KOGE received is 2547 KOGE, and the order routing is correct. The problem was that the slippage was too high, 214838 USD could be exchanged for about 3,300 KOGEs at the time, and since the minimum number received was 1,640 pieces, it can be assumed that the user's slippage settings were as high as nearly 50%, and MEV protection was not turned on. The user has added KOGE tokens to the ZKJ-KOGE liquidity pool to earn fees after the MEV attack.