Crypto exchanges tout cold storage ratios after Binance attack
CRYPTOCoinbaseredteam/daily · 1 source
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What happened
Several cryptocurrency exchanges say they keep most customer funds in offline storage, which is harder for hackers to reach. Coinbase reports keeping more than 99% of customer assets offline, and Gate reports 88.26% of its total assets in cold storage. The article does not give details of the Binance attack mentioned in its title.
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Cointelegraph (Hacks)