Coinbase ‘back up’ after outage reports follow Super Bowl ad

Coinbase had to throttle traffic to its cryptocurrency exchange, after its on Super Bowl ad that promised free Bitcoin nearly crashed the service. — AP Photo/File

Coinbase Global Inc., the largest US cryptocurrency exchange, said it was back up and running after having to throttle traffic earlier in the evening following the release of an ad during the Super Bowl.

Coinbase reported "more traffic than we’ve ever encountered,” which meant it needed to "throttle traffic for a few minutes,” Chief Product Officer Surojit Chatterjee said in a tweet.

"We’re back up and ready for you,” Coinbase tweeted separately.

Users on Downdetector had earlier reported problems about 7.20pm ET, shortly after Coinbase aired a Super Bowl advertisement with a QR code that links to a site where new users who sign up for the platform can receive US$15 (RM62.87) in Bitcoin. – Bloomberg

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Tech News

Italy data protection agency opens ChatGPT probe on privacy concerns
TikTok propaganda labels fall flat in ‘huge win’ for Russia
Owner of stolen truck tracks it with AirTag and kills man inside, US police say
Brazil meal payments overhaul delayed by central bank standoff
Siemens investigating report employee worked for Russian hacking firm
AI generator Midjourney pauses service over deepfake ‘abuse’
Taiwan says US officials have visited to discuss concerns about chip subsidies
Users hit by multiple unauthorised transactions hope banks will expedite refunds
Hong Kong police seek HK$5.2bil for new 5G system to handle ‘massive’ data gathered by frontline officers
Man used hidden cam to secretly video victims in fitting room, US cops�say

Others Also Read