In brief
- Coinbase said it wasn’t affected by the Binance hack and keeps more than 99% of customer assets in offline cold storage.
- The exchange detailed controls including split private keys, withdrawal rate limits, anomaly detection and kill switches that can take signing keys offline.
- Coinbase said customer assets are held 1:1, and it flagged AI as a fast-changing security threat.
Coinbase is moving to reassure customers that what happened at Binance can’t easily happen there.
In a blog post Wednesday, the U.S. exchange said it wasn’t affected by last week’s hack of Binance, in which attackers drained about $6.4 billion from the rival exchange’s hot wallets.
Coinbase said it keeps more than 99% of customer assets in cold…
