Gate launches Proof of Security standard, says cold storage covers 104.58% of user assets

Gate has introduced a Proof of Security (PoSEC) standard that goes beyond Proof of Reserves by disclosing how user funds are stored, not just whether they exist. The exchange reports cold storage coverage of 104.58% of user assets, meaning users would remain covered even if all hot wallet funds were lost. Gate says it pioneered Proof of Reserves and is encouraging other exchanges to publish similar figures. The announcement follows a CoinDesk insight noting that the recent Binance hack exposed the limits of Proof of Reserves. Gate also announced a Gate Card refresh with updated names and six new designs.

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