Coinbase Glitch Wipes Out Balances Amid Bitcoin Surge
TL;DR Summary
Coinbase users experienced $0 account balances amid a significant bitcoin rally, prompting the exchange to investigate the issue. The problem occurred as bitcoin surged past $60,000 before quickly dropping back down, with its all-time high within reach. Other exchanges like Kraken did not report similar technical problems. This outage is not the first for Coinbase, as previous incidents have occurred during periods of heavy trading and price volatility.
- Amid Ferocious Bitcoin Rally, a Coinbase Snafu Shows $0 Balances for Customers CoinDesk
- Coinbase users see $0 balance after crypto-trading app suffers glitch CNBC
- Coinbase users report zero balance bug as Bitcoin price taps $64K Cointelegraph
- Coinbase Accounts Sink to Zero in Outage as Bitcoin Price Soars Gizmodo
- Coinbase Users Experience Issues as Bitcoin Price Rises The Wall Street Journal
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