MarketPublished by KAS Watch · November 06, 2026
Gate CEO: Exchanges Must Prove They Can Survive Major Hacks
Gate CEO Lin Han stated that the exchange holds sufficient assets in cold storage to cover customer balances even if its hot wallets are completely emptied. An independent audit is currently underway to verify these security measures.
Why it matters for the market
This highlights broader exchange security standards and reserve transparency across the industry. Such market developments may indirectly influence overall trader sentiment and liquidity, though direct effects remain unverified.
Original source
CoinDesk
Source publication · November 05, 2026 · 1 verified source
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