CoinDesk reports that Gate CEO Lin Han stated that cryptocurrency exchanges must demonstrate their ability to survive hacks, referencing the recent Binance incident. He claims Gate has sufficient assets in cold storage to cover customer balances, even if hot wallets are compromised. An independent audit is currently in progress to verify this claim.
Based on the CoinDesk report; not independently verified.
Source published: Thu, 05 Nov 2026 14:21:50 +0000
[Read the original report](https://www.coindesk.com/business/2026/11/05/gate-ceo-says-crypto-exchanges-must-prove-they-can-survive-a-hack-like-binance-s)
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