[Wu Blockchain News] Gate Founder Shares His Approach to Security: No Single Party Can Move Funds Alone

Gate founder Han Lin detailed a security model in which no single party can move exchange funds alone, requiring multi-party approval across its custody and treasury operations. The disclosure comes as the industry tallies more than 600 security incidents in 2026 to date, with cumulative losses exceeding $8 billion, and follows another month of high-profile hacker headlines. Gate is positioning the split-control design as a defense against single points of failure, including insider error and compromised keys, rather than relying on one signer or team. The approach reflects a broader shift among centralized exchanges toward multi-signature and multi-party computation custody as hack losses mount. What to watch next is whether Gate publishes verifiable proof-of-reserves and signer attestations that let users independently confirm the arrangement, and whether rival exchanges adopt comparable controls.