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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
Australia's ASIC accuses former CEO of Cryptocurrency exchange Mine Digital of stealing $1.47 million from customers.
Former CEO of Mine Digital, an Australian cryptocurrency exchange, Grant Colthup, is facing a fraud charge, accused of stealing $1.47 million (AUD 2.2 million) from a customer. In a statement on October 21, the Australian Securities and Investments Commission (ASIC) stated that the client paid ACCE Australia 1.5 million dollars but did not receive the exchanged BTC. ASIC said that Colthup must either use the funds to pay ACCE's debts, or buy Cryptocurrency for others, or both. This is the latest accusation against the company, Mine Digital, which collapsed in September 2022. Since then, creditors have sought to recover $16 million from the company. ASIC said Grant Colthup was informed of fraud charges at a hearing at the Ipswich District Court in Queensland, Australia on October 21. The case against Colthup has been adjourned until December 16, 2024. (Cointelegraph)