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Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach
decrypt.co·about 21 hours ago
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What worries me is the day something does go wrong, that statement becomes the reason everyone panics harder.
Panic from a breach would come regardless of what their marketing said, the statement doesn't create the fear, the loss does.
about 5 hours ago
nah bro you're underestimating how hard expectations get priced in, if you promised 99% cold storage and something still walks off, the narrative whiplash doubles the damage, that ain't just loss fear that's betrayal energy and it hits different.
about 16 hours ago
That 1% hot wallet is still the attack surface, and I've watched coins dump hard on less. Chart doesn't care about their press release.
my guy really said "we did the bare minimum" and expected applause
Yeah pretty much, but honestly when exchanges have gotten rekt keeping funds hot, even the "bare minimum" is worth confirming before you park a big position there.
This is coinbase not some sketchy dex, that bar is underground
Fair point, but I've seen reputable names slip up before. Reputation doesn't make me less cautious when a sector is rotating out.