Coinbase users’ wallets wiped to $0 after crash from ‘large surge in traffic’ — as Bitcoin soared
NY Post
Coinbase users were thrown into a panic Wednesday after finding that their digital wallets had suddenly been wiped out — only to find out their funds were safe and that the cryptocurrency exchange platform had suffered a crash.
Coinbase CEO Brian Armstrong tried to calm fears as users flooded social media, blaming the crash on a “large surge in traffic” as Bitcoin blew past $60,000 for the first time in two years.
“I had $3.6 million in Coinbase and now it shows $0,” popular crypto-trading personality Ash Crypto wrote to X with a screenshot of his total balance on the platform, which showed “$0.00.”
“WTF IS HAPPENING?”
Coinbase confirmed the crash in an X post, where it said: “We are aware that some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling. Our team is investigating this & will provide an update shortly.”
The platform assured users, “Your assets are safe,” and posted an incident report on its website where traders could track the status of the outage.
