Gate’s Proof of Reserve (PoR) scheme passes Hacken’s comprehensive security review

Gate's latest Proof of Reserve (PoR) scheme successfully passed Hacken's comprehensive security review. In a report released on January 3rd, the Hacken team stated that Gate's PoR method achieved a good balance between functionality and complexity, with the review covering critical areas such as dependency management, encryption frameworks, code quality, error handling, and testing. Yevheniia Broshevan, co-founder of Hacken, stated, "Centralized exchanges must embrace this standard to ensure accountability and transparency, and pioneers like Gate have set a benchmark for the entire industry. Proof of Reserve will soon become the standard for custodians, exchanges, borrowers, and stablecoin issuers." The latest data shows that Gate's currently verifiable asset total is $4.3 billion, with a reserve ratio of 115.47%, exceeding user deposits of $584 million.