Coinbase security chief says platform is safe, blocks transfers to compromised Binance wallets

Coinbase Chief Security Officer Jeff Lunglhofer said on X that the exchange remains secure and has seen no signs of suspicious activity on its own platform. He said Coinbase is actively blocking asset transfers to Binance wallets identified as compromised and has made changes to its cold storage systems purely as a precaution. In an earlier post, Lunglhofer said the team was aware of the situation involving Binance, was monitoring it closely, and had already offered support to Binance. He added that he had just finished a call with the custody team and found no indication of suspicious activity at Coinbase. Coinbase’s official account later echoed that message, saying the platform is safe, that it is monitoring the Binance-related situation, and that it has contacted Binance’s team to provide support.