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Coinbase Explains Cold-Storage Defences After Binance Breach Shakes Crypto Industry
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.
Desk
Loss events reprice related tokens and counterparties first. Confirm what was taken, what was recovered, and whether a chain or a custodian is in scope.
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Dextape context
Built from Dextape’s own wire, stories and glossary.
Terms in this story
- Cold storage
- Keeping the keys that authorize transfers on a device or medium that stays offline, away from everyday internet use.
Mentioned in this story
Open a coin page for its current price.