Coinbase CEO Brian Armstrong announced that the exchange is actively intercepting transfers directed to compromised wallets amid an ongoing security crisis. Armstrong confirmed that Coinbase has reached out to Binance offering assistance, emphasizing that protecting customers across all platforms should be the industry's top priority during such events. Armstrong called for collective action within the crypto sector, urging firms to openly share useful information rather than operate in silos. He noted that while the industry has weathered numerous difficult periods and emerged stronger each time, this incident would follow the same trajectory.