Coinbase CEO Addresses Multihour Outage: 'Working on Next Steps' for Users
Coinbase recently experienced a multi-hour service outage on May 7, 2026, caused by an overheating AWS data center. The disruption affected trading and balance updates across various Coinbase platforms. CEO Brian Armstrong detailed the incident, attributing it to chiller failures and outlining steps to enhance resilience against future AWS Availability Zone outages.David Isong • Crypto • 1 month ago • 1 minute read •
Coinbase, a major cryptocurrency exchange, recently experienced a significant multi-hour service outage that impacted various aspects of its operations, including trading, exchange access, and balance updates. The incident, which occurred on May 7, 2026, at 23:50 UTC, began when the Coinbase monitoring team detected cascading quote failures originating from internal services. This disruption had far-reaching consequences, affecting customer-facing services such as spot trading, Prime, International, and derivative exchanges.
Coinbase CEO Brian Armstrong addressed the incident in a new tweet, stating that such an outage was
Loading...