Foblgate Releases Q1 Virtual Asset Audit for This Year… Holds Over 101% of User Assets

Virtual asset (cryptocurrency) exchange Foblgate (hereinafter referred to as Foblgate) officially announced its Q1 2025 virtual asset audit report on the 11th.

According to the audit results, Foblgate holds approximately 101.13% of assets compared to user deposited assets. This indicates that they have sufficient liquidity and stability to immediately respond to customer withdrawal requests.

The regular audit was conducted based on the 63 types of virtual assets held by Foblgate as of 00:00 on April 1, 2025. During the audit process, the assets in user deposits and the exchange's own cold wallets (offline hardware wallets) and hot wallets (online software wallets) were thoroughly examined to verify the consistency between actual holdings and customer assets.

The audit report revealed that Foblgate stores more than 80% of the total deposited assets in highly secure cold wallets. This stably complies with the financial authorities' recommendation to store 'at least 80% of deposited assets in cold wallets.'

Ahn Hyun-jun, CEO of Foblgate, stated, "User protection in the virtual asset industry begins with transparent operations," and added, "Foblgate will continue to regularly publish quarterly audit reports to create a trust-based exchange where anyone can safely entrust their assets."

Detailed information about Foblgate's Q1 2025 virtual asset audit report can be found in the announcements on the official website.