Coinbase: Unaffected by the Binance hot wallet incident, over 99% of customer assets are stored in cold storage.

on November 4, according to Coinbase's official blog, Coinbase stated that its systems and customer funds were unaffected by the Binance hot wallet incident. Currently, over 99% of customer assets are stored in cold wallets, while hot wallet balances are dynamically adjusted according to customer deposit and withdrawal requirements.

Coinbase stated that customer assets are held at a 1:1 ratio, remain the property of customers, and will not be lent or used unless instructed; its fund transfer safeguard measures include distributed keys, withdrawal limits, anomaly detection, and controls for halting signatures.