Multiple Crypto Exchanges Strengthen Security Measures, Coinbase Adjusts Cold Storage System

After Binance suffered a $6.3 billion theft, multiple crypto exchanges have strengthened their security measures. Coinbase's Chief Security Officer Jeff Lunglhofer stated that the company has made some adjustments to its cold storage system as a precaution. Gemini has added alerts and restrictions for fund transfers; Kraken has indicated that it is closely monitoring the situation, and its platform services are operating normally. Coinbase's Vice President of Product Will Megson mentioned that the company is upgrading its phone protection measures to safeguard users from scam calls, as scammers often keep the call active to lure victims into changing their account settings.

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