Exchanges1 source
Gate boasts 104% cold reserve coverage, but separate snapshot dates raise red flags
Headline from CryptoSlate
Key points
- Cryptocurrency exchange Gate reported a 104% cold reserve coverage ratio.
- However, the update has raised concerns because it uses separate snapshot dates and measurement bases for its hot-wallet loss test.
- Additionally, independent third-party verification of the exchange's current Proof of Reserves and Security Data (PoSEC) remains an ongoing process rather than fully completed.
Summarized automatically by Kryptokite from reporting by CryptoSlate. Read the original sources for full detail.
Sources
- CryptoSlateGate boasts 104% cold reserve coverage, but separate snapshot dates raise red flags · 2 hours agoRead on CryptoSlate
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