Coinbase Back Online After Bitcoin’s Surge Overwhelmed the Platform

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  • February 28, 2024

Coinbase users’ accounts showed a “zero balance” on Wednesday afternoon. Coinbase confirmed the problem on its status page at 12:40 p.m. ET but claims customer cryptocurrency funds are safe. The cryptocurrency exchange blames the outage on increased traffic, as Bitcoin’s price surged past $60,000.

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Coinbase Back Online After Bitcoin’s Surge Overwhelmed the Platform