Coinbase Exchange Suffers Outage Amid Market Surge

In the midst of a surging market, Coinbase's platform encountered a significant malfunction, leading to users discovering their balances displayed as 'zero.' The incident has sparked a wave of anger across social media platforms, with cryptocurrency enthusiasts unable to access their assets on this foremost U.S. trading platform. Furthermore, there have been reports of glitches in executing trades, adding to the general discontent.



Coinbase promptly addressed the issue, stating that an investigation was underway. The platform also pointed out extensive delays in transactions over the Ethereum ERC-20 network. Some speculate that this disruption could be a deliberate tactic by the exchange to mitigate rapid sell-offs, especially as key cryptocurrencies like Bitcoin and Ethereum experienced notable surges, with Bitcoin momentarily


First found on: Coinbase Exchange Suffers Outage Amid Market Surge - Coinatory