According to ChainCatcher, security firm CertiK recently recommended that crypto exchanges set hard dollar limits on hot wallet holdings rather than relying solely on cold storage ratios as a security measure. The recommendation follows recent disclosures by major exchanges seeking to reassure customers after a record-breaking hack targeting Binance's hot wallet. Gate reported that 88.26% of its total assets are held in cold storage, while Coinbase disclosed that over 99% of customer assets are stored offline.

CertiK's research team told Cointelegraph that cold storage is an effective indicator of online risk exposure but not an independent security score. The firm suggested exchanges set hot wallet caps based on the strictest of three limits: a percentage of customer liabilities, estimated withdrawal demand, and an absolute loss ceiling based on the exchange's financial resources. Separately, Binance said last week it supplemented approximately 98% of affected tokens following the hack and absorbed the losses itself, with remaining tokens requiring longer retrieval times.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.