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

On November 4 that, 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.