This could get hairy, very quickly. I thought Coinbase had insurance that only covered the online portion but not offline vaults, where most of the 'money' is

This could get hairy, very quickly. I thought Coinbase had insurance that only covered the online portion but not offline vaults, where most of the 'money' is stored? If an offline vault is compromised through their system then what? The promise of keeping things separate doesn't guarantee anything.