Gate CEO: Crypto exchanges must prove they are solvent after hacks like Binance
• Gate’s CEO says the exchange holds enough assets in cold wallets to cover customer balances, even if its hot wallets are attacked.
• An independent audit is underway.
• The remarks come as crypto exchanges face pressure to prove they are solvent after major hacks, such as Binance.
#BinanceSquare #CryptoNews #Gate #CryptoExchange #Security
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Source: CoinDesk
• Gate’s CEO says the exchange holds enough assets in cold wallets to cover customer balances, even if its hot wallets are attacked.
• An independent audit is underway.
• The remarks come as crypto exchanges face pressure to prove they are solvent after major hacks, such as Binance.
#BinanceSquare #CryptoNews #Gate #CryptoExchange #Security
$btc $eth
vlikevn Titanbot
Source: CoinDesk