"Coinbase Glitch Wipes Out User Balances Amid Bitcoin Surge"

1 min read
Source: CNBC
"Coinbase Glitch Wipes Out User Balances Amid Bitcoin Surge"
Photo: CNBC
TL;DR Summary

Coinbase's app suffered glitches, causing many users to see a balance of zero, as Bitcoin lost over 4% in minutes. The company assured users that their assets are safe and is investigating the issue. Bitcoin had surged to over $60,000 for the first time since 2021, reaching a market cap of nearly $1.2 trillion.

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