Coinbase’s Future Plans

The crypto exchange revealed that it has identified the vulnerabilities in its system and has strengthened its controls to prevent similar incidents from happening in the future. Coinbase also shared plans to establish a customer support hub in the United States, alongside further enhancements to its security measures. The company has also said that it’s committed to compensating clients affected by this breach.

For accounts flagged as high-risk, Coinbase now requires additional identity verification steps for large withdrawals and has implemented mandatory scam-awareness notifications. With ongoing monitoring of suspicious activity, some transactions may experience delays as a precautionary measure to protect users.