Largest Cryptocurrency Exchange Site Crashes After Massive Surge
Ripples of fear spread through the cryptocurrency world Wednesday after the largest crypto exchange told customers they had no money. Coinbase explained the issue in a post on social media platform X . “We are aware…
Ripples of fear spread through the cryptocurrency world Wednesday after the largest crypto exchange told customers they had no Money.
Coinbase explained the issue in a post on social media platform X.
“We are aware that some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling. Our team is investigating this & will provide an update shortly. Your assets are safe,” Coinbase posted.
By late afternoon, a semblance of normal operations was returning, the exchange posted.
“We continue to see improvement in customer trading. Customer login has recovered & we’re seeing intermittent improvements in sends. Due to continued heightened traffic customers may still see errors in receives & with some payment methods. Rest assured your funds are safe,” Coinbase posted, later posting that activity was “normalizing.”
At midday, the website DownDetector noted that there were more than 9,200 complaints that Coinbase’s site was not functioning properly.