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Coinbase Details Cold-Storage Security Practices After Binance Breach
(3 hours ago) · 1 source · Summarized by CryptoBipto
Following a security breach at Binance that affected the crypto industry, Coinbase publicly explained its cold-storage defense measures. The company outlined how it stores the majority of customer funds offline to protect against similar attacks.
WHY IT MATTERS
When you keep cryptocurrency on an exchange, you are trusting that company to protect your funds — similar to how a bank holds your money.
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SOURCES
- newsbtc.com
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Exchange SecurityCold StorageBinance BreachCoinbaseCrypto Custody
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