Gate Founder Lin Han: FTX Explosion Becomes a Turning Point for Industry Security

Wu says exclusive interview: On December 16, Gate founder Lin Han stated in an interview with host Colin Wu that Gate was among the first to adopt Merkle trees to publish reserve proofs and open source in 2020, but at that time "almost no exchanges followed." It wasn't until the FTX explosion triggered a reversal that the entire industry began to pay attention, laying the foundation for industry security. He pointed out that an ideal PoR requires Merkle trees combined with zero-knowledge proofs, open source code, and third-party audits to publicly verify asset accounting methods. Currently, not many platforms can do this comprehensively, leaving a large gray area.

Source: WuBlockchain Post