Gate CEO says exchanges must prove they can withstand a Binance-style hack

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Gate CEO Lin Han has argued that crypto exchanges need to demonstrate they can survive a breach like the one suffered by Binance. According to Han, Gate keeps enough assets in cold storage to cover all customer balances even if its hot wallets were drained. An independent audit of those reserves is currently in progress. The comments frame proof of solvency as a key test of exchange reliability.

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