Late Sunday night in the US, Coinbase users were greeted with the following message:
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| Coinbase is temporarily unavailable. Our servers are busy. We’re looking into it and expect our usual service to return soon. Your funds are safe. |
Many traders and investors, relying on the platform for daily transactions, find themselves locked out without any ability to manage their portfolios. For those who were planning to buy or sell based on market conditions at the time, the outage could mean missed opportunities or potential losses.
First reports of the outage began at 9:20pm (US West Coast time, where Coinbase is located).
The first update from Coinbase so far was at 11:20pm, stating:
>> We're seeing some services recover. We know customers may still be encountering connectivity problems and we appreciate your patience while we work to correct this. We're still monitoring this closely.
However, at this point no one from our team was able to successfully access the exchange via desktop browsers or their mobile app.
Then aro>und 1:15am, Coinbase stated they identified the issue, just 1 minute later said:
>> A fix has been implemented and we are monitoring the results.
The fix appears successful as Coinbase has remained online for over 2 hours.
We've contacted Coinbase for more information on the cause, but have not yet received a response.
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Author: Justin Derbek
New York News Desk
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