Gate Founder Lin Han: FTX Collapse Became a Turning Point for Industry Security Exclusive interview with Wu: On December 16, Gate founder Lin Han stated in an interview with host Colin Wu that Gate was the first to adopt Merkle Tree-based proof of reserves and open-source it back in 2020. However, at the time, 'almost no exchanges followed suit.' It wasn’t until the FTX collapse that the industry was forced to take this matter seriously, laying the foundation for improved security in the space. He pointed out that an ideal PoR should combine Merkle Tree with zero-knowledge proofs, open-source code, and third-party audits to publicly verify asset accounting methods. Currently, there aren’t many platforms capable of achieving this, leaving a significant gray area in between. Source: WuBlockchain Post