Coinbase Says Over 99% of Customer Assets Are in Cold Storage
Coinbase says more than 99% of customer crypto assets are held offline and outlines signing safeguards following Binance’s $6.34 billion hack.
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Justin Drake outlined a December 2028 goal at Devcon, ahead of the published 2029 target. The leanVM repository still warns that verification is ongoing.
BitMart’s founder confirms a new breach, cites severe understaffing and suspects a Mercado Bitcoin link. The exchange has not disclosed the exact loss.
Binance disclosed 57 blocked threats in its initial report on the $6.34 billion breach, citing tactics such as fake interviews and tampered software.
Binance says attackers used a fake coding assignment and an internal AI tool to reach the wallet signing service behind the October 29 crypto theft.
In a CoinDesk interview, CZ says he expected far larger withdrawals, credits help with asset freezes and calls for AI defenses across crypto and banking.
Changpeng Zhao says exchanges should share security practices and freeze stolen funds faster. He also wants help from the US and China.
South Korea’s financial regulator urged exchanges to hold more customer crypto offline after the $6.3 billion Binance hack. The current minimum is 80%.
Watcher.Guru attributes the bank security comparison to Binance founder Changpeng Zhao as the exchange responds to its $6.3 billion breach.
Kraken says it restricted accounts and is working with law enforcement to support recovery after a suspected theft from an unidentified European entity.
ZachXBT says another $27 million in exchange withdrawals lifts the suspected EU theft above $133 millionю The victim remains unidentified.
Kim Yo Jong rejects U.S. attribution of Binance’s $6.3 billion hack, calling the allegations a political provocation, according to Yonhap.
Yonhap reports that Kim Yo Jong called the Binance case a U.S. political provocation, following the FBI’s attribution of the multibillion-dollar theft to North Korea.