By Isaac • November 4, 2026 11:11 pm •
Coinbase is answering the crypto market’s biggest security question with a blunt number: more than 99% of customer assets are kept offline.
The reassurance arrived after the massive Binance breach put exchange custody back under a harsh spotlight. According to Decrypt, Coinbase says the attack did not affect its systems or customer funds, and the company is using the moment to explain how its own custody model is built.
Trending: Gov. Abbott ousted by open-borders radical Gina Hinojosa
Cold storage is the center of that defense. Those wallets are not connected to the internet, which removes the direct online path attackers used against hot wallets in other incidents.
Coinbase says it moves only the funds needed for customer activity into internet-connected wallets.
That does not
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!