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Coinbase outage tied to AWS failure amid layoffs, losses

What went wrong: An AWS cooling system failure in Northern Virginia caused a Coinbase outage, halting trading and withdrawals for hours. Why timing matters: The outage came just after Coinbase ...

Coinbase says AWS cooling failure crashed exchange during turbulent week — CEO Brian Armstrong calls it 'never acceptable'

Coinbase COIN Chief Executive Brian Armstrong said an overheating issue inside an Amazon Web Services (AWS) data center ...
Decrypt

Coinbase Outage Disrupts Crypto Trading and Transfers Amid Amazon Service Failure

Coinbase says Amazon Web Services failures across multiple availability zones caused an extended outage on its platform.
The Next Web

Coinbase cut 700 jobs on Monday, lost $394 million on Thursday, and went dark on Friday because a data centre overheated

Coinbase went offline for seven hours after an AWS data centre overheated in Virginia. The outage capped a week of 700 layoffs and a $394M quarterly loss.
CNBC

Coinbase says hackers bribed staff to steal customer data and are demanding $20 million ransom

Coinbase on Thursday reported that cybercriminals bribed overseas support agents to steal customer data to use in social engineering attacks. The incident may cost Coinbase up to $400 million to fix, ...