Exchanges1 source
Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach
Headline from Decrypt
Key points
- Following a massive $6.4 billion breach at rival exchange Binance, Coinbase assured its users that its operations remain completely unaffected.
- The company highlighted its security measures, explaining that more than 99% of customer cryptocurrency assets are stored safely offline.
- Additional protections include private keys split into multiple pieces and system kill switches to prevent unauthorized access.
Summarized automatically by Kryptokite from reporting by Decrypt. Read the original sources for full detail.
Sources
- DecryptCoinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach · 1 hour agoRead on Decrypt
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Kryptokite links to the original reporting and never republishes full articles. Summaries are written automatically and may contain mistakes; nothing here is financial advice.