Coinbase experienced problems with its balance

The cryptocurrency exchange had accounts that showed a balance of 0 dollars, which caused concern on social networks

On February 28, between 9:00 and 10:00 PST, the price of bitcoin experienced a rapid rise. However, this sudden increase also had consequences for Coinbase, one of the leading cryptocurrency exchange platforms. Users began to report that their accounts showed a balance of 0 dollars, which caused concern on social media.

In response to these allegations, the exchange issued a statement assuring that they are aware of the situation. The platform team is investigating the issue and promised to provide an update soon. They also reassured users that their assets were safe.

Despite Coinbase’s efforts, the bug persists at the close of this issue. However, the platform insists that users’ funds are not at risk.

The price of bitcoin peaked at 64,000 just before the incident, but at the time of this article, it has dropped back to $61,400. The volatility of cryptocurrencies remains an important issue, and investors should be alert to sudden changes in the market.

K. Tovar

Source: Cointelegraph

(Reference image: @healthy_pockets, X)

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