Key Highlights: Gate has introduced a new security metric called Proof of Storage and Execution Control (PoSEC) to demonstrate how reserve assets are protected against hot wallet breaches. The exchange reported $8.69 billion in total reserves—representing 118.49% of customer deposits—with cold storage coverage alone standing at 104.58%. Reserve holdings are undergoing an independent audit and ...
Key Highlights Coinbase reinforced its internal controls, confirming that no individual employee possesses standing access to production wallet signing mechanisms and that customer deposits are kept strictly at a 1:1 backing. As of September 30, the platform held $377 billion in custody alongside strong liquidity reserves, including $8.6 billion in cash and cash equivalents. The ...
Key Highlights: A dormant Bitcoin wallet holding 411 BTC moved its entire balance after remaining inactive for roughly 13 years since September 11, 2013. The owner resisted numerous “address poisoning” phishing attacks over the years before transferring the funds to a fresh wallet for a network fee of just 337 satoshis. None of the moved ...
Key Highlights: Hardware wallet manufacturer Ledger is facing mounting scrutiny from cryptocurrency traders and industry experts over transparency surrounding security issues. Concerns are escalating alongside an increase in sophisticated attack vectors and reports of hardware tampering targeting digital asset storage devices. Market participants are closely tracking Ledger’s forthcoming responses, as potential official statements or security ...