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A comment on Crypto Exchange AAX Suspends Withdrawals. Parent comment

Re:Crypto Exchange AAX Suspends Withdrawals by Animats on Monday November 14, 2022 @08:42PM (#33604189)
Coinbase still has custody of customer assets, though. That's what has to be either eliminated or insured to avoid trouble.
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Re:Crypto Exchange AAX Suspends Withdrawals by bredren on Monday November 14, 2022 @10:28PM (#33604893)
To avoid what trouble, specifically?

If it’s risk of customer funds mismanagement, coinbase is just not in the same galaxy as the folks who have blown customer trust.

If it’s securing funds, to prevent hacks, CB offers cold storage. Lumps of crypto can be transferred out of their control as needed to manage risk.

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