Security
Coinbase Says Customer Funds Are Held in Cold Storage After Binance Hack
CoinGape·November 4, 2026·1 min read
Coinbase says it remains unaffected by the $6.34 billion Binance hot wallet hack, emphasizing that more than 99% of its customer assets are held in cold storage rather than connected to the internet. The US exchange said it maintains limited hot wallet balances to process customer deposits and withdrawals while keeping the bulk of funds secure.
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