Crypto exchange Coinbase initiated a large fund migration on Saturday, moving tokens to new internal wallets in a scheduled, routine security procedure to reduce long-term exposure of keeping funds in the same wallet addresses, which are publicly known.
The migration is not due to any cybersecurity breaches or external threats, according to an announcement from the company. Coinbase said:
“Migrating wallets periodically is a well-accepted best practice that minimizes long-term exposure of…
Read the full article here
