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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 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