January 28, 2023

Coinbase has briefly suspended transactions for US customers resulting from a problem stopping the corporate from processing withdrawals or deposits utilizing financial institution accounts. The issues began round 7:00 AM ET, however the firm didn’t resolve the difficulty till 12:40 PM ET.

“Presently, we’re unable to simply accept funds or withdraw funds from US financial institution accounts. Our group is conscious of this concern and is working to get all the things again to regular as quickly as potential,” Coinbase defined on its standing web page, including that customers can nonetheless use a debit card or PayPal account to buy cryptocurrency.

On the time of shutdown, That is reported by Coinbase on Twitter. that consumer funds are “dependable” earlier than saying that the transactions had been restored after about three hours. edge reached out to Coinbase for remark, however didn’t instantly obtain a response.

Replace October 2, 12:49 pm ET: Up to date so as to add that Coinbase has fastened the difficulty.

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