Coinbase Outlines Cold Storage Defense After Binance Hack

TLDR Coinbase says it stores more than 99% of customer cryptocurrency in offline cold wallets. Coinbase reports that the $6.34 billion Binance hack did not affect its systems or customer funds. Binance reported freezing or intercepting approximately $2.85 billion and replenishing 98% of affected token assets. Coinbase reported $376.6 billion in assets on its platform [...]

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