Hacking News
Coinbase Highlights Security Measures After Binance Hack
Coinbase has emphasized its security measures following a reported $6.34 billion cryptocurrency theft at Binance on October 29. Coinbase states that more than 99% of customer assets remain in offline cold storage. The exchange highlights its separate hot and cold wallets, emergency controls, and strict transfer limits to protect customer holdings. Coinbase also disclosed $377 billion in platform assets and $8.6 billion in cash and equivalents.