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Coinbase recovers after system-wide outage, but user withdrawals remain offline

Coinbase recovers after system-wide outage, but user withdrawals remain offline

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Source: Coin Telegraph

While the reason behind the three-hour, system-wide outage remains unknown, some users are still unable to transfer or withdraw their funds from the exchange.

Coinbase, the world’s second-largest exchange by trading volume, suffered a major outage on May 14.

Coinbase announced a system-wide outage lasting three hours at 4:19 am UTC. The exchange eventually managed to fully recover by 7:34 am UTC, according to its status page.

The exchange stated in an X post:

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Author: Zoltan Vardai