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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
The Cetus project is Open Source, and the damaged fund pool has nearly fully recovered.
Gate News bot message, the Sui ecosystem DEX Cetus team, which was previously attacked by hackers, recently stated that the team is moving towards complete Open Source and has launched a new "white hat bounty program" to "encourage collective technical and security contributions."
As part of the protocol restart, the team has fixed the software vulnerabilities that led to the Hacker attack, restored the pool data to the correct pricing, and conducted security audits on all code fixes and contract upgrades.
The affected liquidity pool has been replenished with a cash reserve of $7 million, a $30 million USDC loan provided by the Sui Foundation, and some assets recovered from the attacker.
However, not all damaged funds pools have fully recovered, and the current recovery rate is between 85% and 99%, depending on the extent of the losses in the funds pool during the attack.
As part of the compensation plan for affected users, 15% of the protocol's native token CETUS will be reserved, with 5% available immediately and the remaining 10% unlocking linearly each month over the next year starting from June 10.
Source: Cointelegraph