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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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#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
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- #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
An Indiana man used BTC receipts to produce and sell 30,000 fake IDs, involving a total amount of $1.4 million.
ChainCatcher message, according to DL News, a 26-year-old man James Watt in Indiana was sentenced to three years probation for producing about 30,000 fake certificates. Court documents show that Watt worked for a fake certificate production website for four years, receiving a total of 14 BTC (about $1.4 million) as compensation. Law enforcement officials discovered during a search of his residence that he had created a counterfeit Missouri ID card for the Marvel superhero Thor. John Childress, the acting prosecutor for the Southern District of Indiana, said that this case once again demonstrates that despite Bitcoin gaining recognition from mainstream financial institutions, it is still being used as a tool for illegal transactions. The Bitcoin involved in the case was seized by the government in November last year.