Coinbase Says 99% of Customer Assets in Cold Storage Following Binance Hack
Key Highlights Coinbase reinforced its internal controls, confirming that no individual employee possesses standing access to production wallet signing mechanisms and that customer deposits are kept strictly at a 1:1 backing. As of September 30, the platform held $377 billion in custody alongside strong liquidity reserves, including $8.6 billion in cash and cash equivalents. The ...