Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach
Summary
Crypto exchange Coinbase assured users that its systems remained secure following a recent multi-billion dollar security breach at competitor Binance. The platform reported that virtually all customer digital assets are kept offline to prevent unauthorized access. Additionally, the company highlighted various internal defenses designed to protect funds.
Coinbase told customers it wasn’t affected by the $6.4 billion Binance hack and detailed its security controls, including offline storage for over 99% of assets, split private keys and kill switches.
Source: Read the full story at Decrypt
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