---
title: "Gate Founder Shares His Approach to Security: No Single Party Can Move Funds Alone"
url: https://thecoingazette.com/gate-founder-shares-his-approach-to-security-no-single-party-can-move-funds-alone/
date: 2026-11-10
modified: 2026-11-10
lang: en
author: "Coin Gazette Editorial"
description: "In the past month alone, the industry has been hit by hacker headlines again. Over 600 security incidents in 2026 so far, with losses exceeding $8 billion."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 697
---

# Gate Founder Shares His Approach to Security: No Single Party Can Move Funds Alone

Author | Dr. Han, Founder and CEO of GateCompiled by | WuBlockchainOriginal Link：https://x.com/Han_Gate/status/2116069907821699347?s=19One question on safety the industry has avoided for over a decade: where can you actually keep your digital asset safe?In the past month alone, the industry has been hit by hacker headlines again. Over 600 security incidents in 2026 so far, with losses exceeding $8 billion. September was the worst month of the year at $768 million — until October hit. We’ve already blown past $6 billion where the month isn’t even over.But the number that matters most: over 60% of losses in the first half of the year came from private key compromises and phishing, where code vulnerabilities only account for a little over 10%.In crypto, your money has never truly been safe.If you keep it on an exchange: you hand your security entirely to the platform. Exchanges pool millions of users’ assets in one place — making them the most attractive target on earth for the world’s best attackers. When the platform gets hit, everyone pays.If you keep it yourself: you lose your private key, seed phrase exposed, sign a phishing transaction, get malware on your device — no customer support, no undo, no second chance. The average user’s security capabilities are simply no match for professional attackers.Even hardware wallets are no longer a safe harbor. In October, a supply chain attack targeting distribution channels cost users nearly $100 million. Attackers have learned to plant spy chips before the wallet ever reaches your hands.One root cause: single point of failure.The industry’s answer for over a decade has been “pick one”: Exchange or self-custody. But both paths share the same fundamental flaw: a single point of failure.Single point at the platform — platform gets compromised, it’s over. Single point at the individual — one personal mistake, it’s over.We kept asking ourselves: what if you didn’t have to choose?Our answer: no single party should be able to move your funds alone.Gate is proposing a Vault approach. One core principle: no single party holds the ability to move your funds unilaterally.Your private key is split into three shards via MPC, held separately by your device, Gate, and a recovery partner. The complete private key never exists anywhere, at any time.Platform gets compromised? Even if an attacker breaks through Gate’s side, they only get one shard. They can’t touch a single cent.Something happens to you? Lost your phone, forgot your backup password — Gate and the third party can help you recover, but only after you personally complete identity verification. Neither party can act on your behalf without you.One more layer: Vault withdrawals have a 48-hour delay, during which you can freeze at any time. Even if someone gets hold of both your device and your account simultaneously, the funds still can’t be moved.In an extreme scenario — even if Gate’s services became unavailable — you can recover your assets using your device shard and the third-party shard through open-source tools, with no involvement from Gate required.One key takeaway: if the platform gets hit, you’re fine. If you make a mistake, the platform has you covered.Both failing simultaneously is the only scenario that creates risk — and that probability is far lower than any single point of failure.MPC isn’t new. Making it accessible to everyone is.MPC and multi-sig aren’t new concepts. Institutions have used them for years. What we’ve done is take institutional-grade key management and turned it into something any user can set up in a few steps, with exchange-level risk controls built in.It’s not “a safer exchange.” It’s not “a better wallet.” It’s the missing layer between exchanges and self-custody that the industry has needed for years.This approach shouldn’t belong only to Gate.When a platform gets hacked or a user loses funds, the damage falls on the entire industry’s trust. We’re open to sharing the architecture behind this — the design principles and the hard lessons learned in real user scenarios — with anyone who wants to discuss it.If more platforms adopt a similar approach to custody, the industry’s security baseline rises for everyone.Security has no finish line. Take a look at what we’ve built, and let’s make it better together.Follow usTwitter: https://twitter.com/WuBlockchainTelegram: https://t.me/wublockchainenglish