According to Wu, Coinbase stated that the company was unaffected by the Binance hot wallet incident, and its system and customer funds are safe. Currently, over 99% of customer assets are stored in cold wallets, with hot wallet balances dynamically rebalanced based on customer deposit and withdrawal needs. Asset transfers are protected by multiple layers of controls, including distributed keys, withdrawal limits, anomaly detection, and an emergency switch that can suspend signatures. Customer assets are held on a 1:1 basis and remain customer property; they will not be lent or used unless instructed by the customer. https://www.(wublock123.com)/news/coinbase-not-affected-by-binance-hot-wallet-over-99pct-assets-in-cold-storage-71332