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Is Coinbase affected by the recent security incident at FTX?

avatarGraversen SnowDec 28, 2021 · 3 years ago3 answers

Can the recent security incident at FTX have any impact on Coinbase?

Is Coinbase affected by the recent security incident at FTX?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    As of now, there is no evidence to suggest that the recent security incident at FTX has affected Coinbase. Coinbase has its own robust security measures in place to protect user funds and data. However, it's always a good practice to remain vigilant and take necessary precautions when it comes to the security of your digital assets.
  • avatarDec 28, 2021 · 3 years ago
    Nope, Coinbase seems to be unaffected by the security incident at FTX. Coinbase has a strong track record of security and has implemented various measures to safeguard user funds. So, you can continue using Coinbase with confidence.
  • avatarDec 28, 2021 · 3 years ago
    While I can't speak for Coinbase directly, it's important to note that each exchange operates independently and has its own security protocols. However, at BYDFi, we have been closely monitoring the situation and can confirm that there have been no reported impacts on Coinbase due to the recent security incident at FTX. It's always advisable to stay updated with the latest news and follow the recommended security practices for your digital assets.