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Crypto Regulation

Gate and BlockSec Launch Security Course on Phishing, Account Theft

Gate has launched a security course with blockchain security firm BlockSec to address phishing, account takeover and social engineering, which the exchange says account for the largest losses in the industry. BlockSec, founded in 2021, serves over 1,000 clients and has protected more than $50 billion in on-chain assets. Gate, founded in 2013, serves over 60 million users and said its latest proof-of-reserves audit, completed by HACKEN on August 19, 2026, showed total reserves of $8.215 billion and a 127% reserve ratio.

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AI take

The framing here is telling: the exchange points to phishing, account takeover and social engineering as the industry's largest loss categories, a shift in emphasis from protocol exploits to user-facing fraud. That matters more for retail-facing platforms with large user bases than for DeFi-native venues, since the attack surface is the account, not the contract. The proof-of-reserves disclosure alongside a security education push suggests exchanges are competing on trust infrastructure as much as listings. Whether such courses measurably reduce incident rates, rather than serving as brand positioning, is the open question.

Generated by AI for reference only.

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