Coinbase CEO: Blocking Transfers to Compromised Wallets, Has Contacted Binance to Offer Help

October 30: Coinbase CEO Brian Armstrong said the team is doing everything it can to respond to the current situation, including blocking transfers to compromised wallets, and has contacted Binance to offer assistance. Armstrong said such moments require the entire industry to work together, and that publicly sharing useful information and helping protect customers should be the top priority, regardless of which platform customers use. He also said the crypto industry has been through many difficult moments and has grown stronger each time, and this time will be no exception.