PANews reported on February 27 that according to official news, HashKey Global VP (Vice President) Jason Liu shared the platform's measures for user asset security in the HashKey Chain Space live broadcast. He emphasized that HashKey Global always regards user asset security as its core mission and protects user funds through a strict compliance framework.
When talking about asset insurance, Jason Liu explained the compensation mechanism in detail. For example, according to the requirements of Hong Kong regulators for licensed exchanges, exchanges need to insure the hot and cold wallets of user assets, with 100% coverage for hot wallets and 50% for cold wallets. This also means that if losses are caused by extreme circumstances, the insurance will fully compensate for losses below 50% of the platform assets. The requirements for other regional licenses under the company are different, but they all have insurance mechanisms.
