Coinbase’s Zero Balance Drama: the What, the Why, the Fix, and the CEO’s Response
On February 28, 2024, as the Bitcoin price raced to the $64,000 level in a very short time, Coinbase, a leading cryptocurrency exchange, experienced a significant service disruption that affected its site’s performance and user transactions. This report provides a comprehensive overview of the incident’s timeline, the steps taken toward resolution, and comments from Coinbase’s…