Official: User funds are safe! Coinbase suffers total system outage

Coinbase, a well-known cryptocurrency trading platform, suffered a comprehensive system failure today and is currently actively dealing with the problem. The exchange ensures that all users’ funds are safe and responds to the public via social media.

Coinbase confirms a total system failure

Coinbase announced through its official X account that the trading platform is currently experiencing a total system failure, and the team is fully investigating and solving the problem. The cryptocurrency exchange said they are already working on a resolution and reiterated that users' funds are safe.

Website access issues

Due to a system glitch, any user trying to access the Coinbase official website will currently see a "503 Service Temporarily Unavailable" warning. . This indicates that the website is temporarily unable to handle requests from users, further demonstrating the severity of the outage.

This is not the first time Coinbase has encountered technical problems. Back in March this year, the trading platform also experienced a brief technical glitch during a period of high-frequency trading, when some users' account balances incorrectly showed zero dollars. This glitch once again highlighted the need for reliable technology in the field of cryptocurrency trading. Sex is key to maintaining user trust.

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