✔ VERIFIED First reported by The Block · Nov 4, 16:58 UTC · updated Nov 4, 22:19 UTC
Coinbase touts 99% cold storage as Binance Breach puts crypto exchange security under scrutiny
Coinbase says it keeps more than 99% of customer assets in cold storage. The exchange disclosed this after Binance lost $6.3 billion in an October 29 hack. But keeping assets offline raises another…
Common to all reports: Coinbase · 99 · Binance
Confirmed by 2 sources
- The Block (crypto newsroom · US) · Nov 4, 16:58 UTC · read at the source
- Cryptopolitan (crypto newsroom · International) · Nov 4, 22:19 UTC · read at the source
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Tags: Regulation, Hack/Exploit, Security
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