According to The Block, Coinbase stated that approximately 99 percent of customer assets are stored in cold storage. The company said it was not affected by the $6.3 billion hack carried out against Binance.
Cold storage refers to offline cryptographic key management systems that are not connected to live networks, reducing exposure to online threats. Coinbase’s statement emphasizes the proportion of customer holdings kept in this non‑online format. The Binance breach occurred recently and involved a large sum of funds; Coinbase did not experience any direct impact from that incident.
The information reflects Coinbase’s current security posture as reported by The Block.
