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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
Join the race now & fuel your trades for real-world rewards:
✅ 5,000 GT Prize Pool
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✅ Futures Vouchers for New Signups
Start your engines & trade fast
Top the leaderboards. The Race is ON!
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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!
Exclusive for new Gate users:
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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
LayerZero CEO disclosed the vulnerability in the AcrossToken contract and provided a solution
BlockBeats News, on October 22nd, Bryan Pellegrino, CEO of Cross-Chain Interaction Protocol LayerZero, wrote a letter to the Across Protocol team on social media, stating, 'I want to inform you that your Token contract has a critical issue. You mistakenly exposed a functionality that was originally intended to be an internal private function, which was implemented by Open Zeppelin in their ERC20 Token implementation to destroy Tokens and give them to the contract owner - this allows you to withdraw Tokens from any wallet at any time and arbitrarily set the balance of any account to 0. In addition, your Across Protocol and UMA Protocol contracts both have the ability to mint an unlimited amount of Tokens, but I have already informed you about these two issues and you seem to not care. To address this problem without the need for token reissuance: transfer ownership of the contract to a new Smart Contract to prevent minting exceeding the total supply and disallow destruction. Since this is a permanent vulnerability, the new contract must be immutable and should not include any functionality to transfer ownership. If you have an active bug bounty program, you can attribute this information to the LayerZero team.'