[Gate Launches Security Proof Standard, Claims Cold Reserves Cover 104.58% of User Assets] According to a report by CoinDesk on November 5th, Gate launched its Security Proof Standard (PoSEC), which measures whether an exchange's cold reserves can cover user assets in the event of a complete loss of hot wallet assets. Gate claims its cold reserves cover 104.58% of user assets, with 88.26% of total assets held in cold wallets and 11.74% in hot wallets. The latest disclosed total reserves amount to $8.69 billion, equivalent to 118.49% of user assets. Founder and CEO Lin Han stated that the data is undergoing independent auditing, and some cold reserves include stocks and U.S. Treasury bonds held in custody by independent institutions. Lin Han believes that proof of reserves demonstrates the existence of assets, while PoSEC demonstrates how assets are stored and protected. He also acknowledges that the standard cannot verify internal passwords, private key management, or access controls within the exchange.