{"id":11304,"date":"2024-03-05T11:46:39","date_gmt":"2024-03-05T09:46:39","guid":{"rendered":"https:\/\/forklog.com\/en\/coinbase-resolves-another-platform-glitch\/"},"modified":"2024-03-05T11:46:39","modified_gmt":"2024-03-05T09:46:39","slug":"coinbase-resolves-another-platform-glitch","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-resolves-another-platform-glitch\/","title":{"rendered":"Coinbase Resolves Another Platform Glitch"},"content":{"rendered":"<p>The cryptocurrency exchange Coinbase has resolved an issue that caused delays on the platform and periodically reset user balances to zero.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">We have issued a fix which remediated the display issue impacting customer account balances and latency across <a href=\"https:\/\/t.co\/ohqDivlp6Y\">https:\/\/t.co\/ohqDivlp6Y<\/a>. We appreciate your patience. <a href=\"https:\/\/t.co\/7gsVeIvYMl\">https:\/\/t.co\/7gsVeIvYMl<\/a><\/p>\n<p>\u2014 Coinbase Support (@CoinbaseSupport) <a href=\"https:\/\/twitter.com\/CoinbaseSupport\/status\/1764749927010148500?ref_src=twsrc%5Etfw\">March 4, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On March 2, in response to numerous client complaints, the exchange team <a href=\"https:\/\/twitter.com\/CoinbaseSupport\/status\/1763698103171908093\">acknowledged<\/a> delays in deposits, withdrawals, and trading disruptions. Some users reported being unable to access their accounts or experiencing zeroed balances.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">I still can not login into my account after my balance went to zero!<\/p>\n<p>\u2014 Mike Hubbard (@WhilingOut) <a href=\"https:\/\/twitter.com\/WhilingOut\/status\/1763867343422107847?ref_src=twsrc%5Etfw\">March 2, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Coinbase assured users that they were working to fix the error and that customer funds were safe.<\/p>\n<p>In late February, the exchange had already <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-resolves-zero-balance-glitch\">faced a problem<\/a> with &#8220;zero balances.&#8221; The company&#8217;s CEO, Brian Armstrong, attributed this to an &#8220;enormous&#8221; influx of users.<\/p>\n<p>After resolving the issue, he stated that the team had simulated a tenfold increase in traffic during testing.<\/p>\n<p>According to <a href=\"https:\/\/pro.similarweb.com\/#\/digitalsuite\/websiteanalysis\/traffic-engagement\/*\/999\/3m\/?webSource=Total&#038;selectedWidgetTab=Visits&#038;key=coinbase.com\">Similarweb<\/a>, platform traffic even slightly decreased during these days, averaging around 2.1 million visits per day.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"373\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Traffic-and-Engagement-Google-Chrome-1-1024x373.jpg\" alt=\"Traffic-and-Engagement-Google-Chrome-1\" class=\"wp-image-227423\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Traffic-and-Engagement-Google-Chrome-1-1024x373.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Traffic-and-Engagement-Google-Chrome-1-300x109.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Traffic-and-Engagement-Google-Chrome-1-768x280.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Traffic-and-Engagement-Google-Chrome-1.jpg 1068w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Similarweb.<\/figcaption><\/figure>\n<p>The previous glitch at Coinbase coincided with a rapid increase in Bitcoin&#8217;s price to <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-surpasses-64000-as-ethereum-soars-above-3500\">$64,000<\/a>. In early March, the digital currency continued its rally, testing the $68,000 mark.<\/p>\n<p>As reported in the fourth quarter of 2023, the exchange posted a net profit of <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-reports-273-million-quarterly-profit\">$273 million<\/a>, bringing the annual figure to $95 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Coinbase has resolved an issue that caused delays on the platform and periodically reset user balances to zero. We have issued a fix which remediated the display issue impacting customer account balances and latency across https:\/\/t.co\/ohqDivlp6Y. We appreciate your patience. https:\/\/t.co\/7gsVeIvYMl \u2014 Coinbase Support (@CoinbaseSupport) March 4, 2024 On March 2, in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1301,1166,138],"class_list":["post-11304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-vulnerabilities","tag-centralized-exchanges-cex","tag-coinbase"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11304"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11303"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}