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Coinbase Faces Major Outage as Users Locked Out as Cryptocurrency Exchange Goes Offline | national news
Popular cryptocurrency exchange Coinbase suffered a system-wide outage early Tuesday morning. Users were unable to log in to Coinbase and received the “503 Service Temporarily Unavailable” message. Coinbase acknowledged the issue on social media, assuring users that their funds were safe. Service was restored after more than three hours, although some users reported worsening performance. Coinbase shares fell nearly 2% in premarket trading following the outage. Prices of cryptocurrencies like Bitcoin appeared unaffected during the trading outage.