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00:02Coinbase is reassuring customers about its security measures
00:06following a $6.4 billion hack of rival cryptocurrency exchange Binance, according to Decrypt.
00:12In a Wednesday blog post, Coinbase said it was not affected by the attack
00:17and keeps more than 99% of customer assets in offline storage.
00:21The company outlined several safeguards, including restricted access to digital wallets,
00:26withdrawal limits, and emergency controls that disable transaction signing.
00:31Coinbase also requires multiple approvals for sensitive actions
00:34to protect against stolen employee credentials.
00:37The announcement follows two security incidents involving Coinbase customer data,
00:42including a May 2025 breach involving bribed support agents.
00:46Coinbase reported $377 billion in assets on its platform as of September 30th
00:52and pledged further security investment.
00:55For all things money, visit Benzinga.com.
