Gate claims 104% cold reserves but mismatched snapshot dates raise doubts
AI summary
Gate claims 104% cold reserve coverage, but its new hot-wallet loss test relies on separate measurement bases and the snapshot dates differ, which the report flags as a red flag. Independent verification of the exchange's current PoSEC data is still in progress. Traders should treat the reserve figure as unconfirmed until third-party attestation lands, since proof-of-reserve gaps are a recurring source of exchange risk.
