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Morning Edition · Friday, November 6, 2026Published at 4:52 AM EST · New York
Gate reports 104% cold-wallet reserve coverage, but its figures rest on snapshots taken on different dates
Separately, CryptoSlate found that Bitstamp-issued dollar offers on the XRP Ledger held less funded inventory than the smaller RLUSD book at the November 4 close, as Ripple moves to pay suppliers in its stablecoin.
The exchange Gate says its cold wallets hold 104% of customer liabilities. CryptoSlate's review found that the figures come from snapshots taken on different dates. Gate's new test of what it could lose from its hot wallets also uses separa…
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Exchange Solvency Proofs Face Data Scrutiny
After large custodial thefts, exchanges will keep publishing reserve and liquidity claims, and independent on-chain analysts will keep testing them, so deposits drift toward venues whose assets and liabilities are verified on the same date by outside parties.
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