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Coinbase Insured $255 Million Digital Assets In Hot Wallet

Liang CHE

Summary: Coinbase, a cryptocurrency exchange, published in its blog post the insurance status of its cryptocurrency on behalf of its customers. Philip Martin, the exchange's vice president of security, confirmed in the article that the cryptocurrency stored in the hot wallet can be up to $255 million. In other words, these digital assets are online and ...

Coinbase, a cryptocurrency exchange, published in its blog post the insurance status of its cryptocurrency on behalf of its customers. Philip Martin, the exchange's vice president of security, confirmed in the article that the cryptocurrency stored in the hot wallet can be up to $255 million. In other words, these digital assets are online and may be subject to hacking.

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