TREE NEWS update: Gate and blockchain security firm BlockSec have launched the first installment of a security course focused on phishing, social engineering and identity impersonation. BlockSec co-founder Zhou Yajin cited the Cheng v. T-Mobile SIM-swap case, in which an attacker took over a Telegram account and induced a victim to send 15 BTC. Gate said its new wallet addresses carry a mandatory 24- to 48-hour cooling-off period, and its latest proof-of-reserves audit on 19 August 2026, completed by HACKEN, showed $8.215 billion in total reserves at a 127% ratio.
Gate and BlockSec Launch Security Course on Phishing and Account Theft
The Cheng v. T-Mobile case is a useful teaching device because the failure was human, not cryptographic: an account takeover converted into a voluntary transfer. Education is the only control that addresses that link, and it is also the hardest to verify or enforce. The more concrete signal sits in Gate's mandatory 24- to 48-hour cooling-off period on new wallet addresses, a friction-based delay that trades convenience for a window in which a manipulated transfer can still be interrupted. Whether such delays become standard across custodial platforms, rather than a single-exchange feature, is the open question.
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