PANews June 12th news, Ethereum Layer 2 protocol Loopring stated on X platform that due to a recent security vulnerability in Loopring's two-factor authentication (2FA) service, the scheduled automatic upgrade of the smart contract on the Ethereum mainnet, originally planned for June 12th, has been postponed. The upgrade will be conducted at a later time, and the upgrade date will be announced in advance. Please note that this security vulnerability does not affect the security of the smart contract, both existing and new smart contracts are secure.

‍ #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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📢 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