Coinbase users ’ report showed a “ zero balance ” on Wednesday afternoon . Coinbase confirm the job on itsstatus pageat 12:40 p.m. ET but claim client cryptocurrency funds are safe . The cryptocurrency telephone exchange blames the outage on increase traffic , asBitcoin ’s price surgedpast $ 60,000 .
Coinbase says client trading is tardily hail back online as of 2:29 p.m. ET . The society add that some user may still experience errors when lumber in , sending and receive stock , and with some defrayal methods .
“ We treasure your longanimity . We ’re commence to see melioration in client trading , ” Coinbase aver on itsstatus varlet . “ Due to increase traffic , some customers may still see errors in login , post , receives and with some defrayment methods . Rest assured your funds are secure . ”
Photo: Jakub Porzycki/NurPhoto (Getty Images)
Coinbase first account that it was aware of “ dealings hold ” at 11:24 a.m. ET on Wednesday . CEO Brian Armstrong say the platform is experiencing a major surge in traffic ina post on X , and the company is work to remediate . Coinbase emphasize that users ’ assets are secured .
Downdetectorshowed a spike in Coinbase outage starting around high noon ET on Wednesday . Over 9,000 customer reported outage , according to Downdetector in the morning , but reports have since dropped well . Coinbase is the largest cryptocurrency exchange in the United States and holdsover $ 255 billion in asset on its program .
Coinbase’shelp pageis displaying a substance that expect times are longer than usual . A caller spokesperson recount Gizmodo it ’s actively bring to fix the issue . substance abuser took to social culture medium to express their headache about the cryptocurrency exchange ’s outage on Wednesday .
“ Anyone else ’s Coinbase account at zero ? ” wrote oneuser on X.
“ Mine just went to zero , the assistance centre wo n’t even load,”wrote another .
As Coinbase goes down on Wednesday , the price of Bitcoin die $ 60,000 forthe first time since 2021 . It tick off a major resurgence for the cryptocurrency staple . The increase interest in Bitcoin seems to be the understanding for the outage .
BitcoinCoinbaseCryptocurrenciesPrivate currencies
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