Gate has introduced a disclosure framework called Proof of Security, designed to show that its cold assets cover customer balances if the exchange loses all hot-wallet assets. The company announced a 104.58% coverage ratio on November 5, but the calculation compares asset shares taken from separate snapshots without establishing a common date. Gate acknowledges that price changes and fund movements between the snapshots are not reflected, meaning the ratio alone cannot prove full customer backing. The exchange says an independent verification is still in progress and includes traditional assets held by independent custodians in its definition of cold storage.
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