Coinbase said their “apps were now recovering” after the frightening outages.
Topline
Coinbase, the largest cryptocurrency exchange in the U.S., experienced significant outages and errors that caused some user accounts to show a $0 balance and prevented some users from logging in at all on Wednesday afternoon—shortly after bitcoin’s value rose above $60,000, its highest mark since 2021.Key Facts
Users began reporting the outages around 12 p.m., shortly after bitcoin’s historic rally.
Coinbase told Forbes in a statement that customers can now log in to the exchange once again, but users are still reporting errors in sending and receiving funds, as well as errors with “some payment methods.
