Gate Founder Dr. Han Attends DAS London Summit and Delivers Keynote Speech, Sharing the New Concept of PoSEC Proof of Security for Funds
Odaily – On November 10, Gate founder and CEO Dr. Han was invited to attend the Digital Asset Summit 2026 London and delivered a keynote speech titled "Internet Cash Has No Undo Button," sharing insights on digital asset security, global financial services, and trends in the crypto industry. Dr. Han noted that as real-world applications of crypto assets continue to expand, the global crypto user base and stablecoin payment use cases keep growing, while the industry also faces a series of new AI-driven security challenges. In 2026, global crypto users have surpassed 833 million, with over 300 crypto attack incidents recorded during the same period, resulting in losses exceeding $8 billion.
On asset security, Dr. Han emphasized that Gate's Proof of Reserves (PoR) can verify whether user assets are backed by 1:1 reserves, but trading platforms also need to further demonstrate that user assets remain protected in the event of extreme security incidents. To this end, Gate introduced Proof of Security (PoSEC), extending security verification from sufficient reserves to fund storage and risk protection. Currently, Gate's cold storage coverage rate has reached 104.58%, meaning that even in the extreme scenario where all hot wallet assets are lost, cold storage remains sufficient to cover user funds.
In addition, Dr. Han elaborated on the potential of crypto technology and decentralization to reduce financial services costs and improve transaction efficiency. He stated that internet cash needs to combine both the security guarantees of traditional finance and the globalization advantages of the internet. Gate will continue to improve its security system, using reserve transparency and security safeguards as a foundation to drive deeper integration of digital assets into real-world financial scenarios.
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