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After the $6.3 Billion Binance Hack, Exchanges Are Showing Their Vaults: Coinbase Says 99% in Cold Storage as Binance Replenishes 98%
One week after the largest hack in crypto history, the industry's biggest exchanges are answering the same question in public: where exactly is your customers' money, and how safe is it? On Wednesday, November 4, Coinbase published a security update saying that more than 99% of customer assets sit in cold storage — offline wallets disconnected from the internet — and that it was not...
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