New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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1. Download and update the Gate APP to version v8.0.5
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3. Share your real experience with the new version, such as:
Key new features and optimizations
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The Correct Way to Ensure Wallet Security: Why DEX Robot Products Must Meet Exchange-Level Protection Standards
【Chain Wen】 Regarding the recent DeBot wallet theft incident, a senior executive from a leading exchange shared their views on social media. He pointed out that wallet mishandling generally falls into a few common scenarios.
When it comes to DEX robot-type products, there is a hidden pitfall—centralization risk of private keys. These products often upload user private keys to servers for storage, either in plaintext or in decryptable form. It may sound like a minor issue, but once hackers compromise the server, the risk level is essentially no different from an exchange being attacked. Therefore, the security standards for such products must be designed at an exchange-level; otherwise, it’s playing with fire.
Self-custody wallets also have their own issues—there could be vulnerabilities in the code, and developers might have malicious intent. On the user side, risks include hacking of computers or mobile devices, and data leaks. Additionally, automated trading strategies often rely structurally on private key custody, and once problems occur, everything is over.
He concluded by emphasizing that the correct development path for wallet security is not choosing between private key security and usability, but ensuring both are well implemented. This is the way forward.