Dr. Lin Han, CEO of Gate.io, delivered a stark warning on the escalating threat of crypto hacks during his keynote at Seoul Meta Week.

Highlighting data from Gate.io and Chainalysis, he revealed a significant increase in crypto thefts, with $8.7 billion stolen between 2021 and 2023 alone.

Notably, North Korean hackers were responsible for a substantial portion of these losses.

Emphasizing the critical role of trust in the crypto world, Dr. Han advocated for rigorous security measures and regulatory compliance.

Gate.io, known for its proactive security stance since its inception, employs robust data infrastructure and partnerships with major cloud providers to ensure resilience against threats.

Initiatives like Proof of Reserves underscore their commitment to transparency and user protection, setting standards in the industry.