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Coinbase outage linked to AWS failure
CoinDesk·
Coinbase experienced a multi-hour trading outage that temporarily halted customer transactions, attributing the disruption to a failure in Amazon Web Services (AWS) across multiple U.S. East availability zones. The crypto exchange's systems, designed to withstand single-zone outages, were overwhelmed by the widespread AWS failures, leading to a brief "cancel only" trading mode before full service was restored. This incident adds to recent criticisms regarding Coinbase's technical resilience, following weaker-than-expected first-quarter results, a share price drop, and a significant workforce reduction.
Tickers
$COIN
Tags
fintech
crypto
regulation
Original Source
CoinDesk — coindesk.com