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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
Attention: A Renowned Application is Accused of Seizing the Cryptocurrency of Users Who Have Not Touched Their Holdings for 1 Year!
The Alby platform, popular among Bitcoin users, is accused of withdrawing funds from some inactive Bitcoin wallets without user permission, based on community feedback.
According to claims, all balances in shared wallets belonging to the old type (legacy) Alby accounts that have not had any transactions for 12 months were reset by Alby.
In the terms of use section on Alby's official website, it is stated that if shared wallets associated with old accounts created in 2023 and before are not used for transactions for 12 months, the remaining balances can be taken by the platform. Alby states that it implements this practice to "facilitate the management of inactive accounts."
The company claims that it has been informing users about this situation for a long time, while community members argue that sufficient and clear warnings have not been made. The controversial policy only covers inactive old Alby accounts and does not affect active accounts, Alby Hubs, fee credits, or other linked wallets.
Alby is known as a browser extension used to send and receive Bitcoin payments with a regular browser on the Bitcoin Lightning Network.
*This is not investment advice.
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