#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
YouTube influencers Nelk Boys filed to dismiss the class-action lawsuit alleging NFT fraud.
PANews, April 23 - According to a report by Decrypt, YouTube influencers Kyle Forgeard and John Shahidi (also known as Nelk Boys) have had their defense lawyers file a motion to dismiss a class action lawsuit accusing them of fraud in the Full Send Metacard NFT project. The lawsuit was filed in January on behalf of Metacard NFT buyers, claiming the defendants misled consumers with promises of exclusive privileges and community access. It is alleged that the two also distorted the Metacard plans prior to the sale on January 19, 2022, thereby enticing the plaintiffs to purchase tokens on that date.