Coinbase: Do not worry, your funds are safe, our top security person is fixing the crash
The security:
https://twitter.com/CramerTracker/status/1762906887165473180This is absolutely insane:
The Coinbase, $COIN, crash just erased $100 BILLION of market cap in #Bitcoin in 15 minutes.
Between 12:15 PM ET and 12:30 PM ET, Bitcoin fell from $64,000 to $59,000.
This was a near 9% swing in 15 minutes right as many Coinbase users began showing a $0 balance in their account.
It also happened to occur just as Bitcoin was less than 10% away from a new all time high.
Coinbase is reportedly still working on fixing the issue.
What just happened?
https://twitter.com/KobeissiLetter/status/1762899668055232549JUST IN: Coinbase CEO says "We are dealing with a LARGE surge of traffic" that crashed the exchange.
https://twitter.com/BTC_Archive/status/1762902467149238493