U.S. Crypto Exchange Coinbase Faces Broad System Outage; Assures Users' Funds are Secure
Summary:
Coinbase, a leading U.S. cryptocurrency exchange, suffers a broad system failure, making it inaccessible through desktop and mobile platforms. The company assures users their funds are secure during this period and are urgently working on a solution.
Coinbase, a premier cryptocurrency exchange based in the United States, has been hit by a comprehensive system malfunction, effectively rendering it inaccessible via both desktop and mobile platforms. The company reported the severe malfunction on its dedicated status page, stating that the issue started at 4:15 am UTC on May 14. Presently, attempts to access the website result in a “503 Service Temporarily Unavailable” response, suggesting as per a Mozilla developer guide that the site's servers are either undergoing maintenance or are overwhelmed.
Coinbase's official support account took to social media on May 14 to acknowledge the system outage and assure users that their funds were secure despite the issue. The team confirmed they were looking into the cause and working towards a resolution. The tweet from Coinbase Support read, “Coinbase is facing a complete system blackout. We are meticulously examining this problem and devising a fix…”
As this is an ongoing situation, further details will be reported as they emerge.
Published At
5/14/2024 7:51:41 AM
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