Gate.io responds: The total amount of ETH stored is 269,035 ETH, and the rumor that Gate.io only has 470 million US dollars is a rumor

According to ChainCatcher, the cryptocurrency exchange Gate.io issued an announcement in response to the previous "four wallets currently have only $479 million in assets", saying that Armanino is responsible for the on-chain verification and audit of Gate.io's asset reserve proof. The rumor that Gate.io only has 53,930 ETH is a rumor.

During the audit process, Gate.io provided all addresses to the audit company for on-chain verification. For example, one of the addresses held by Gate.io, 0xC882b111A75C0c657fC507C04FbFcD2cC984F071, stores 140,000 ETH, plus 200 million US dollars in tokens. The total amount of all ETH audited is 269,035 ETH, not the 53,930 ETH rumored on the Internet.

Previously, on-chain analyst Lookonchain tweeted that Gate.io only holds 53,930 ETH and 31.98 million USDT, which together only account for 21% of total assets. (Source link)