@davidgerard i actually have some faith that coinbase custody is better run than literally anyone else based on what i've seen on chain - for instance, unlike say a company like bybit, they don't store billions of dollars of crypto in one wallet and instead break everything into chunks of ~$20 million (at least for stablecoins; i assume other stuff is similar).
so i suspect that coinbase custody is set up in such a way that even if they lose one wallet, the other wallets aren't immediately also compromised.
at the same time, with that much money on the line every gifted teenager in north korea is probably laser focused on hacking #coinbase...