Coinbase Moves Major Crypto Holdings in Routine Security Migration

[bonk]

Coinbase has begun a large, scheduled migration of Bitcoin, Ether, and other assets to new internal wallets as part of its regular security protocol. The exchange says the move is not related to any breach or threat, but simply best practice to avoid long-term exposure of using the same public wallet addresses. Users are warned to watch out for scammers impersonating Coinbase during the process.

[Rimon Khan]

Big transfers always scare the market, even if routine.

[Abdul Khan]

Good to see Coinbase maintaining security at scale.