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Gate's Han Lin sets out Vault plan to stop any single party moving funds

NewsFeeds update

Gate founder Han Lin proposed a Vault design in which an MPC splits the private key into three shards held by the user's device, Gate and a disaster-recovery provider, so no single party can move funds alone. He said more than 600 security incidents have caused over $8bn of losses in 2026 so far, including $768m in September and more than $6bn in October.

AltcoinsChainCatcherAIBearish

Read the original on ChainCatcher

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.