Summary
Coinbase crashed for the second time in two weeks due to a surge in traffic. Some users experienced zero balances in their wallets, but trading was not impacted. A fix was implemented within an hour, and Coinbase reassured users that their funds are safe. This is a common occurrence during market rallies, but it has also happened during market slumps.
Key Points
1. Coinbase experienced a crash on Monday due to a surge in traffic in the cryptocurrency market, marking the second time in as many weeks.
2. Users reported zero balances in their wallets during the crash, but Coinbase assured that funds were safe and trading was not impacted.
3. Coinbase implemented a fix by 1:21 pm EST, monitoring the situation and seeing improvements in latencies and completed transfers, indicating that funds were safe.