Gate pioneers PoSEC fund security proof, with its cold storage coverage reaching 104.58%, bolstering security safeguards.

According to an official announcement, Gate.io has officially launched its new Proof of Security (PoSEC), becoming the first digital asset exchange in the industry to introduce the PoSEC security proof system. The platform expands security verification from reserve sufficiency to asset storage structure and risk protection. As disclosed on Gate.io’s official page, as of the snapshot taken at 08:00 (UTC+8) on November 4, the platform’s cold storage coverage rate reaches 104.58%, with cold storage and hot wallet assets accounting for 88.26% and 11.74% respectively. This means that, per the relevant statistical standards, even if all hot wallet assets are lost, cold storage can still cover all user assets. Currently, the data set is being verified by an independent third-party audit firm, and the report will be published on the official website once completed. In 2020, Gate.io was the first to launch an open-source Proof of Reserves (PoR) solution, and has since continuously enhanced its multi-layer security system covering mechanisms including cold-hot wallet separation, multi-signature, multi-party secure computation (MPC), and dynamic risk monitoring. This pioneering PoSEC further extends fund security verification from reserve sufficiency to storage security and extreme risk coverage capability, offering a new practical approach for the industry to establish more comprehensive and transparent fund security standards.