Following a cyberattack on Binance, several cryptocurrency exchanges have emphasized their cold storage practices. According to Cointelegraph, Coinbase states it maintains more than 99% of customer assets offline, and Gate reports that 88.26% of its total assets are stored in cold storage.
The emphasis on cold storage ratios emerged after the Binance incident, which involved unauthorized access to some assets held by the exchange. While no further details about the attack’s scope or method are provided in the source, exchanges are publicly referencing their cold storage percentages in response. Cold storage refers to offline wallets not connected to the internet, generally considered a lower risk method for holding crypto assets.
Coinbase’s figure exceeds 99%, and Gate’s reported cold storage share is 88.26%. These figures are presented by the exchanges as part of ongoing communication with users about security practices. The timing of the emphasis aligns with recent public discussion prompted by the Binance attack.
