Gate proposed combining shared authorization and a 48-hour waiting period for withdrawals following the attack on Binance, with estimated losses of US$ 6,3 billion. The design requires the participation of at least two parties to move funds.
Lin Han, the exchange’s founder and chairman, also advocated for a global security alliance among companies in the sector. The proposal brings together common protection standards, intrusion detection protocols, and emergency response systems.
Lin Han, the exchange’s founder and chairman, also advocated for a global security alliance among companies in the sector. The proposal brings together common protection standards, intrusion detection protocols, and emergency response systems.
