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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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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
The Singapore court has approved the liquidation of the Multichain Foundation, with KPMG taking over the asset recovery operations.
According to the Gate.io News bot, Cointelegraph reported that the Singapore High Court has approved Sonic Labs' liquidation application against the Multichain Foundation and appointed KPMG as the liquidator.
This liquidation application is due to the 2023 Multichain hacker attack incident, which resulted in a loss of $210 million in assets. As former employees refused to cooperate with the investigation, Sonic Labs chose to resolve the matter through legal means.
KPMG, as the liquidator, will be responsible for recovering assets, and all recovered funds will be used to return to the affected users. It is worth noting that Multichain has ceased operations in 2024, and its CEO has been detained by the police.