Coinbase experienced a 50-minute outage on July 14 due to a configuration change, affecting trading and card transactions, but user funds remained secure.
Macro & Markets ·
On July 14, Coinbase experienced a 50-minute outage that disrupted trading and card transactions. The exchange attributed the incident to a configuration change characterized as low-risk.
During the downtime, certain user transactions remained suspended in a pending state. Coinbase stated that user funds were never at risk throughout the outage window. Once service was restored, transactions that had been stuck "in-flight" were completed.
The exact scope of affected users and the specific nature of the configuration change have not been disclosed in available reports. Whether similar safeguards exist to prevent comparable incidents remain unspecified.