Coinbase says 99% of customer assets sit in cold storage after Binance’s $6.3 billion breach

Key points

• Cryptocurrency exchange Coinbase clarified that 99% of its customer assets are safely maintained in offline cold storage.
• The announcement follows a massive security breach at rival exchange Binance that resulted in $6.3 billion being stolen.
• Coinbase confirmed that its systems remained completely unaffected by the security incident that impacted Binance.

Summarized automatically by Kryptokite from reporting by The Block. Read the original sources for full detail.