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Coinbase Goes Down as Bitcoin Hits $85K and $919M Shorts Get Wiped Out

Coinbase Goes Down as Bitcoin Hits $85K and $919M Shorts Get Wiped Out

Crypto Crash Panic: Coinbase Down Mid-Rally as Millions Blocked from Trading
Crypto Crash Panic: Coinbase Down Mid-Rally as Millions Blocked from Trading

Key Takeaways

  • Coinbase suffered an outage on Sept. 21 that prevented some customers from buying, selling, trading, or viewing balances across its website, mobile app, and Advanced Trade.

  • The disruption hit during a major crypto rally, with Bitcoin surging above $85,000 to its highest level in eight months.

  • Coinbase said customer funds remained safe and restored affected services roughly 70 minutes after first acknowledging the incident.

Coinbase suffered a widespread service outage on Monday just as Bitcoin was ripping through $85,000, temporarily leaving customers unable to trade or even view their…

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