Crypto exchanges tout cold storage ratios after Binance attack

In the wake of recent high-profile security breaches and exchange exploits, major cryptocurrency trading platforms are stepping up transparency regarding their custody models. Coinbase publicly reaffirmed that upwards of 99% of customer funds are maintained in offline cold storage to mitigate online hacking risks. Concurrently, Gate disclosed that 88.26% of its total assets are similarly shielded from internet-connected vulnerabilities. These disclosures are designed to restore investor confidence and stave off potential capital flight amid heightened security anxieties across the sector. Industry analysts expect heightened scrutiny on proof-of-reserves and asset custody practices as exchange security remains a top priority. Maintaining robust offline reserves is widely considered the gold standard for protecting retail and institutional capital against sophisticated threat actors.