CoinsCoinDeskThu 5 Nov, 16:02:02

Gate proposes Proof of Security (PoSEC) for hot-wallet hack coverage

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Written by Decryptr from the source

CoinDesk reports Gate is pushing a new Proof of Security (PoSEC) standard after the Binance PoR controversy. Gate says it targets cold storage at 104.58% of user assets to cover hot-wallet drains.

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CoinDesk, 1 hr ago.

Not financial advice. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.