Coinbase Explains Cold-Storage Defences After Binance Breach Shakes Crypto Industry
TL;DR: Coinbase says it was not affected by the reported Binance hot-wallet incident and that more than 99% of customer assets are kept in cold storage. The exchange outlined controls around signing, withdrawal limits and suspicious activity, offering a useful test of how custodians should explain security practices. A major attack on one exchange inevitably…