Gate has launched PoSEC, a verification framework that complements Proof of Reserves by assessing asset storage security and coverage of extreme risks. According to the snapshot taken at 00:00 UTC on November 4, 2026, cold storage covered 104.58% of user assets, while hot wallets accounted for 11.74%. A ratio of at least 100% means that, under the applicable calculation methodology, cold storage alone could cover all user assets even if all funds held in hot wallets were lost. As of October 18, 2026, Gate’s reserves totaled approximately $8.688 billion, with an overall reserve ratio of 118.49%. PoSEC coverage data are currently being audited by an independent third party, whose report will be published on Gate’s official website.
Source: Read the original article
