Big breakdown at Coinbase! Are your crypto assets at risk?

In a world where crypto is becoming more and more integrated into our daily lives, the reliability and security of exchange platforms are essential. Today, Coinbase, one of the largest cryptocurrency exchanges in the United States, is facing a widespread system outage that has left its services inaccessible for many users around the world.

Coinbase…One outage too many?

This is almost becoming a habit at Coinbase with repeated outages. This time, the outage began at 4:15 a.m. this Tuesday, May 14, 2024 and since then, attempts to access the Coinbase website have displayed a “503 Service Temporarily Unavailable” error message. According to a developer guide, the most common cause is that the servers are under maintenance or are overloaded.