Coinbase Glitch Wipes Out $100 Billion in Bitcoin Wealth in Under 60 Minutes
Bitcoin traders lost approximately $100 billion in minutes following a recent glitch on the prominent U.S.-based exchange Coinbase. In the last 24 hours, Bitcoin surpassed the $64k threshold, sparking a massive frenzy from the broader financial market. The frenzy caused Coinbase to see unanticipated traffic to its trading platform, ultimately overwhelming it. Consequently, Coinbase users...