Live briefing · Decrypt
Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach
What Decrypt reports, why it matters and what remains unconfirmed.
CryptoBy Decrypt Staff at Decrypt
The story in one view
- Reported by
- Decrypt
- Coverage lens
- Security and resilience
- Published
- Evidence status
- Cross-source reports linked
What Decrypt reports
Coinbase told customers it wasn’t affected by the $6.4 billion Binance hack and detailed its security controls, including offline storage for over 99% of assets, split private keys and kill switches.
The immediate significance
The report describes direct security exposure for users, funds or software. The immediate significance is the potential harm; the confirmed scale and any protective action require technical or primary evidence beyond the publisher summary.
CoinDesk has also published a related report, providing another attributed account to compare without treating repetition as proof.
What remains unknown
- The publisher summary does not contain the complete victim, transaction or technical evidence.
- The report does not establish the final loss or exposure, or whether remediation is complete.
- No matched primary document independently supporting the central claim is linked to this page.
Developing Across Sources
How the story developed
Decrypt and CoinDesk are reporting related developments. Reports are shown in publication order; separate coverage is not independent confirmation.
DecryptCurrent briefing Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach
Coinbase told customers it wasn’t affected by the $6.4 billion Binance hack and detailed its security controls, including offline storage for over 99% of assets, split private keys and kill switches.
CoinDesk Crypto's Washington hopes fade, but Grayscale and BlackRock see growth ahead
The asset manager says global demand and institutional adoption will sustain the industry despite a political setback, while BlackRock sees little impact on its crypto business.
CoinDesk Tokenization and stablecoins may weather Democrats' sweep as broader crypto rules face uncertainty
Wall Street's push to bring finance onto blockchain rails may continue under existing laws, though the SEC and CFTC face tougher oversight and questions over how long their rules will last, experts said.
CoinDesk XRP Ledger fixes a disclosed bug that could have led to the creation of new tokens
The fix went live Wednesday after validator support reset the activation clock in October. XRP itself was unaffected.
CoinDesk OpenAI says its AI can break into Linux at scale. Here's what it means for crypto
OpenAI says its AI found 948 Linux flaws and wrote a working attack for each one. Crypto security voices say decentralization leaves the industry better placed than most to cope.
CoinDesk Kraken parent Payward and its clients buy AAVE tokens in DeFi investment push
The investment follows talks first reported by CoinDesk in June that included a proposed equity stake in Aave Group.
Related Articles And Podcast
Further reporting and analysis on this story.
Podcast15 min
Binance Hacked for $6.3 BILLION — Is Your Crypto Safe? | Daily Crypto Deep Dive
Binance Suffers a Record $6.3 Billion Crypto Hack
Read the notes and play the episode