Update
Gate Announces 104.58% Cold Storage Coverage
Crypto exchange Gate has introduced Proof of Security, a disclosure framework that proves its cold assets cover customer balances if it lost all its hot-wallet assets. Its announcement reports 104.58% cold-storage coverage, using a storage snapshot taken at 00:00 UTC on November 4. The published percentage compares asset shares from different snapshots, rather than establishing cold assets and customer balances on a single common date. Gate discloses that limitation, so customers need more than the headline ratio to verify the full-backing claim.