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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward - 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
Post your - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re
FTX founder's open letter admits mistakes, assets still exceed deposits but liquidity is tight.
The founder of FTX recently issued an open letter expressing apologies for the company's current situation. He admitted to making significant mistakes in management and decision-making, which led FTX into a liquidity crisis.
According to the content of the letter, the total asset value of FTX International is still higher than user deposits, but the liquidity situation is extremely tight. The founder stated that poor management of the company’s bank accounts led him to severely underestimate the actual leverage ratio. It was originally believed that the leverage ratio was close to zero, but it actually reached 1.7 times. Meanwhile, the available liquidity is only 0.8 times the withdrawal demand on Sunday, far below the expected 24 times.
Faced with an unexpected withdrawal request of about $5 billion, FTX struggled to respond. The founder admitted to insufficient communication after the crisis broke out and failed to inform the public of the situation in a timely manner, for which he expressed deep apologies.
He stated that he will do everything possible to resolve the current predicament and is negotiating with multiple parties, including signing letters of intent. The company will prioritize protecting user interests, and all funds and collateral will be used to repay users. In addition, Alameda Research will cease trading activities on FTX.
The founder emphasized that this incident only involves FTX International, and the operations and financial status of FTX US have not been affected. He committed to improving the transparency of corporate governance in the future, allowing all stakeholders to participate in supervision.
In the end, he once again apologized to users, investors, and employees for his mistakes, stating that he would do his utmost to rectify the situation and take full responsibility.