On the 4th of this month, major U.S. cryptocurrency exchange Coinbase announced on its official blog that it has not been impacted by the Binance hack and that over 99% of customer assets are stored offline in cold wallets. Coinbase maintains a one-to-one holding of customer assets, treating them as customer property, and does not lend or use them for operations without customer instructions.
This explanation from Coinbase comes in the wake of the world's largest cryptocurrency exchange, Binance, experiencing a hack in Japan...
