A post by @WuBlockchain on X.

Coinbase said it was unaffected by the Binance hot wallet incident, with its systems and customer funds remaining secure. The exchange disclosed that more than 99% of customer assets are held in cold wallets, underscoring its custody model. The statement follows a disruption at rival Binance's hot wallet, though Coinbase reported no impact on its own operations. The disclosure matters as exchanges face renewed scrutiny over asset custody and hot-wallet exposure. Market participants will watch whether Binance details the cause and scope of the incident and whether other venues issue similar assurances.