Crypto Exchanges Must Prove They Can Survive Binance-Level Hacks, Says Gate CEO
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 ...