Coinbase, a leading cryptocurrency exchange, has executed a significant internal wallet migration as part of a routine security measure. The migration, which took place on Saturday, involved moving large balances of Bitcoin (BTC), Ether (ETH), and other tokens to new internal wallets. This procedure is designed to minimize long-term exposure by periodically changing wallet addresses, which are publicly known. Coinbase emphasized that this migration is not a response to any cybersecurity breach or external threat. The exchange warned users to be cautious of potential scams during the migration period, as fraudsters might impersonate Coinbase representatives to solicit sensitive information. Coinbase reiterated that it never requests login details or fund transfers from users. This migration highlights the importance of vigilance against phishing and other cyber threats in the crypto space.