Unaffected by Binance Hot Wallet incident, over 99% of customer assets held in cold wallets Coinbase said it was not affected by the Binance Hot Wallet incident and that its customers' systems and funds remain secure. Currently, over 99% of customer assets are held in cold wallets, with hot wallet balances dynamically rebalanced according to customer deposit and withdrawal requirements. Asset transfers are protected by multiple layers of controls, including distributed keys, withdrawal limits, anomaly detection, and emergency switches that can pause signing. The client's assets are held 1:1 and remain the client's property, and will not be borrowed or used except at the client's direction. - Link.