Gate launches PoSEC proof of fund security: cold storage cov
On November 5, 2026, Gate announced the launch of its Proof of Security (PoSEC), extending security verification from reserve adequacy to asset storage structure and risk protection. According to the official page, as of the snapshot at 08:00 (UTC+8) on November 4, the cold storage coverage rate was 104.58%, with cold storage and hot wallet accounting for 88.26% and 11.74% respectively. The data for this period is being verified by an independent third-party audit firm.
Event Timeline
- [11-05 10:12] Gate launches PoSEC proof of fund security, cold storage coverage reaches 104.58% (Odaily)
- [11-05 10:13] Gate pioneers PoSEC proof of fund security, cold storage coverage reaches 104.58%, strengthening security guarantees (PANews)
- [11-05 15:40] Gate launches PoSEC proof of fund security: cold storage coverage reaches 104.58% (Wu Blockchain)
Background and Impact
On November 5, 2026, Gate published an announcement launching its Proof of Security (PoSEC). Odaily published a report at 10:12 that day, followed by PANews at 10:13 and Wu Blockchain at 15:40. According to Gate's official page, as of the snapshot at 08:00 (UTC+8) on November 4, the platform's cold storage coverage rate was 104.58%, with cold storage and hot wallet assets accounting for 88.26% and 11.74% respectively. Under the corresponding statistical methodology, even if all hot wallet assets were lost, cold storage could still cover all user assets.
Based on the official statement, the focus of PoSEC is to extend security verification from reserve adequacy to asset storage structure and risk protection, which Wu Blockchain summarized as "extreme risk coverage capability." This system did not emerge in isolation: Gate launched an open-source Proof of Reserves (PoR) solution in 2020, and has since continued to strengthen mechanisms such as cold/hot wallet separation, multi-signature, multi-party computation (MPC), and dynamic risk monitoring. The three sources differ slightly in their use of the term "first": PANews said it "becomes the industry's first digital asset trading platform to propose a PoSEC security proof system," Wu Blockchain said it "becomes the first exchange to introduce a PoSEC security proof system," while Odaily's report did not use the word "first" and merely stated the launch fact and the data.
For the industry, PoR-type solutions answer "whether reserves are sufficient," while PoSEC attempts to answer "where the assets are held and whether they can be covered under extreme scenarios," representing a further breakdown of the scope of security disclosure. However, the data for this period is still in the pending-verification stage: all three sources noted that the data is being verified by an independent third-party audit firm and that the report will be published on the official website once completed, and none mentioned the name of the verifying firm or a specific publication date. Therefore, the 104.58% coverage rate currently comes from Gate's official page, and the final conclusion still depends on the audit report.
For ordinary users, the practical value of such disclosures lies in verifiability: whether the coverage rate, the cold/hot wallet proportions, and the audit conclusions can form a continuous time series is more telling than a single period's figures. When choosing a platform and looking for entry points, users often search for keywords such as Zhima Gate.io register APP download, Huobi HTX register APP download, Bitget register APP download, Binance register APP download, and OKX register APP download; in such cases, they should verify the official domain and the original announcement to avoid phishing pages. The content of this announcement concerns only Gate's security proof system and does not constitute a recommendation regarding any platform.
Frequently Asked Questions
### What exactly does the 104.58% cold storage coverage rate mean?
According to Gate's official page, cold storage assets are equivalent to 104.58% of user assets, with hot wallets accounting for 11.74%. Even if all hot wallet assets were lost, cold storage could still cover all user assets. The data is based on the snapshot at 08:00 (UTC+8) on November 4 and is still pending third-party verification.
### What is the difference between PoSEC and Proof of Reserves (PoR)?
According to the official statement, PoR mainly verifies whether reserves are sufficient, while PoSEC extends verification to asset storage structure and risk protection. Gate launched an open-source PoR solution in 2020; this is a newly added security proof system built on that foundation.
### When will the third-party audit report be published?
All three sources only mentioned that the data for this period is being verified by an independent third-party audit firm and that the report will be published on the official website once completed; none mentioned the name of the verifying firm or a specific timeline. Follow-up should be based on Gate's official website announcements.