TechFlow news — Gate.io has issued an announcement responding to previous claims stating that "four wallets hold only $479 million in assets." Gate.io emphasized that its proof of reserves is fully audited on-chain by Armanino. The rumor claiming Gate.io holds only 53,930 ETH is false. During the audit process, Gate.io provided all addresses to the auditing firm for on-chain verification. For example, a single address—0xC882b111A75C0c657fC507C04FbFcD2cC984F071—holds 140,000 ETH alone. Combined with $200 million worth of tokens, the total amount of ETH verified in the audit amounts to 269,035 ETH, not the rumored 53,930 ETH.
Previously, on-chain analyst Lookonchain tweeted that Gate.io holds only 53,930 ETH and 31.98 million USDT, collectively representing just 21% of its total assets.Original link
