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CRYPTO

Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach

DecryptWednesday, November 4, 2026 at 8:46 PM

RedScroll Brief

Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach
Image via Decrypt

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.

RedScroll Signal

Impact
High
Category
Crypto
Market relevance
High
Why it matters
Crypto moves are a live stress test of liquidity, regulation, and narrative risk. 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. Watch liquidity and volatility around Coinbase Says and Customer Crypto Is — crypto markets reprice narrative risk quickly.
Read original source → DECRYPTEdition 2026-11-04

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RedScroll Briefing

Extractive editorial brief — not a reprint of the original

What happened

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.

Why it matters

Crypto moves are a live stress test of liquidity, regulation, and narrative risk.

Background

Decrypt reported on this under crypto. RedScroll surfaces the signal with an extractive brief — not a reprint of the original article. Read the source for full reporting.

Timeline

  1. Decrypt published: Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach

  2. Story is in today’s RedScroll edition. Follow the original source for updates.

Economic impact

Watch liquidity and volatility around Coinbase Says and Customer Crypto Is — crypto markets reprice narrative risk quickly.

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Source

Decrypt

Original reporting by Decrypt. RedScroll provides an extractive briefing only.