Coinbase says ‘low-risk’ config change behind 50-minute July 14 outage impacting trading, card transactions
The Block·
60-second summary
Coinbase reports a 50-minute outage on July 14, citing a low-risk configuration change as the cause, impacting trading and card transactions. User funds were never at risk, and transactions stuck in-flight were completed once service was restored. The incident highlights Coinbase's efforts to maintain system reliability, a crucial aspect for the cryptocurrency exchange's reputation and user trust.
Coinbase said user funds were never at risk, and user transactions that were stuck “in-flight” were completed once service was restored.