Coinbase Adjusts Cold Storage After $6 Billion Binance Hack

TLDR OneKey founder Yishi Wang warned that BlackRock’s $62 billion Bitcoin ETF could be targeted by North Korean hackers. The warning followed the $6 billion Binance hack, which US authorities linked to North Korea’s TraderTraitor group. Coinbase, the fund’s main custodian, said it adjusted its cold storage systems as a precaution. The fund held about 815,000 BTC as of Oct. 29, roughly 3.9% of Bitcoin’s maximum supply. There is no evidence that the fund or Coinbase’s custody systems have been compromised.