TOKEN2049 Media Roundtable | Gate Founder Dr. Han: How Does He View This Wave of Crypto Exchange Shutdowns?
From the FTX collapse to multiple exchange shutdowns in the current cycle, many retail investors have been left facing long and difficult battles to recover their funds.
On October 8, Gate Founder Dr. Han joined a media roundtable at TOKEN2049, where Biteye editor
@Web3SisterA asked him about his views on the recent wave of exchange shutdowns.
Dr. Han shared that Gate had not experienced a similar situation in the past, and that he was not familiar with the specific circumstances behind these cases. However, he acknowledged that exchanges that chose to shut down may have been facing significant operational challenges.
He also discussed Proof of Reserves, on-chain transparency, and the key factors users should consider when assessing exchange risks.
As the industry undergoes another round of consolidation, exchange transparency and the security of user assets remain issues that every market participant should take seriously.
🎬 Watch
@Han_Gate share his perspective.