Coinbase hacked!! Eth DOWN,

[sharkyshark]

Coinbase has been hacked!
ETH has been effected!

Please site:

https://status.coinbase.com/

should see major sell off..

Beware...

[1714902678]

1714902678

[sharkyshark]

Investigating - We're investigating an issue with Ethereum sends and receives on the Coinbase platform. All Ethereum transactions will be delayed in the meantime. We appreciate your patience while we work towards a resolution.
Jun 20, 16:08 PDT


Not good, shows MAJOR OUTAGE !!!

[BTCLovingDude]

i don't see any relationship between the two, it is the normal massive dumping of a heavily pumped altcoin. which was bound to happen sooner or later and people have been warning others about this dump a while back.
the dump started before coinbase announcement by the way.

and the warning shown on the coinbase website doesn't indicate any hacks, it may be another bug which was exploited in ethereum itself and they are protecting themselves.

[Cereberus]

i don't see any relationship between the two, it is the normal massive dumping of a heavily pumped altcoin. which was bound to happen sooner or later and people have been warning others about this dump a while back.
the dump started before coinbase announcement by the way.

and the warning shown on the coinbase website doesn't indicate any hacks, it may be another bug which was exploited in ethereum itself and they are protecting themselves.

That's a bad thing Eth going down for all miners like myself. I have to switch to Zcash immediately once I go home as I have not teamviewer open there. It was expected anyway that Eth to go down together with many other altcoins. As for the coinbase, a lot of shit happening at that website so I suggest to anyone to move to another exchange or to another website where to buy bitcoin.

[buwaytress]

ETH outages was common enough last year (relatively) and we shouldn't be surprised to see more of it especially with all these tokenised ICOs going on on its blockchain.

Doubt it's got anything to do with hacks. Seen 2 sites already warning of slow/broken ETH deposits.

[Lutpin]

Most probably just ethereum network problems due to the huge traffic towards the Status ICO.
(Next block transaction fees have raised from ~$0.10 to ~$0.35)

Nothing indicates a hack or anything in that regard. Although...let's dump the price, shall we?
ALL ETH LOST! SELLSELLSELL.

[jaberwock]

Ethereum network is "congested", and etherscan doesn't show updated data. Others exchanges disabled ETH withdraws too(for example, Bittrex). There is no sign that they have been hacked, or they would probably disable Bitcoin and Litecoin withdraws too.

Worst case scenario this is a major bug in ETH network and ETH will die, and Coinbase won't be affected.

[jekjekman]

There is no strong proof that this is a hack I think, but in every high there is low to come of course.

Etheruem gain a massive value in the last 2 weeks and this is the down trend that is happening right now and I really don't know why other altcoins is also going down with this Eth issue. I only thought that altcoins will go down if Bitcoin's price goes up rapidly.

[care2yak]

Some are saying that it's because of this --> https://qz.com/1004892/the-bancor-ico-just-raised-153-million-on-ethereum-in-three-hours/ that the eth network is now congested.

[jaberwock]

Some are saying that it's because of this --> https://qz.com/1004892/the-bancor-ico-just-raised-153-million-on-ethereum-in-three-hours/ that the eth network is now congested.

But even during the worst spam attacks with dozens of topics from people complaining about transactions not being confirmed the Bitcoin network didn't congested at the point of getting unusable for exchanges and the exchanges always allowed withdraws. What is different now?

I think it is the first time something like this happens with a major cryptocoin.

[reflector]

Coinbase has been hacked!
ETH has been effected!

Please site:

https://status.coinbase.com/

should see major sell off..

Beware...

Last week I noticed in the Coinbase says delay in etherum transactions due to network traffic. If it is the same. It should recover soon for the ETH users. They have implemented multiple altcoin wallet also in one account. Hope will get sort out soon.

[X1easter]

Investigating - We're investigating an issue with Ethereum sends and receives on the Coinbase platform. All Ethereum transactions will be delayed in the meantime. We appreciate your patience while we work towards a resolution.
Jun 20, 16:08 PDT


Not good, shows MAJOR OUTAGE !!!

if this is the statement Coinbase made, then I wouldn't say this is a hack or anything, it could be just a minor issue with sending and receiving and they aren't obligated to offer a %100 up-time, this topic is trying to overstate the issue IMO.
Even if there is a hack, I doubt anyone would lose money considering the large capital and cloud funding coinbase has that can probably cover their own faults.

[care2yak]

Some are saying that it's because of this --> https://qz.com/1004892/the-bancor-ico-just-raised-153-million-on-ethereum-in-three-hours/ that the eth network is now congested.

But even during the worst spam attacks with dozens of topics from people complaining about transactions not being confirmed the Bitcoin network didn't congested at the point of getting unusable for exchanges and the exchanges always allowed withdraws. What is different now?

I think it is the first time something like this happens with a major cryptocoin.

perhaps it's another frailty of the ethereum chain that it's engineer didn't see coming....

[qiman]

Ethereum is always having problems that is why I am  more invested  platform. My Wife's etherwallet got hacked last month and we lost over 1 Bitcoin worth of ETH and eth tokens, so we have not had good luck with ETH either.

[alyssa85]

Ethereum network is "congested", and etherscan doesn't show updated data. Others exchanges disabled ETH withdraws too(for example, Bittrex). There is no sign that they have been hacked, or they would probably disable Bitcoin and Litecoin withdraws too.

Worst case scenario this is a major bug in ETH network and ETH will die, and Coinbase won't be affected.

That's not a good sign - are they having the same problem as bitcoin is with backlogs?

[DoublerHunter]

If this is true then it will become a lesson for us to not trust online wallets to hold our coins especially if we have a huge amount of ethereum or any kind of cryptocurrency that has a good potential. If you are really concerned to your security then you should stay away from online sites that offers wallet for your coins because they are not safe unless you are the owner of the site.

[Gleb Gamow]

Coinbase has been hacked!
ETH has been effected!

Please site:

https://status.coinbase.com/

should see major sell off..

Beware...

They'll fix it by claiming it was a hack and roll back all ETH prices to the ~U$100 mark in settling up-to-date transactions with CB's ETH holdings not affected.

[hogarth]

Bittrex has disabled their ETH wallet for a long time now...

Wallet offline - Blockchain congestion detect

https://bittrex.com/Market/Index?MarketName=BTC-ETH

Also strange: Bittrex ETH/BTC is consistently above all other Western markets.
Poloniex: 0.121
Bittrex  0.127

[dissident]

Guess it's good I went into Ardor... it's the more scalable ETH competition. Just hope this blip on ETH doesn't cause the bubble to pop.. we need the total market cap to break out to avoid complications with technical analysis.

[dennyd999]

I see other coins also red. So its usuall drop. Buy on dips and when everyone is fearfull.