Coinbase users are reporting difficulty withdrawing funds, heightening fears amid a widespread crash in cryptocurrency prices.
The company confirmed the issues in a tweet on Thursday. “We are aware that some customers are having issues trading and accessing accounts on Coinbase and Coinbase Pro,” the company said. “Your funds are safe, and we are actively working on the issue. We’ll provide an update here soon.”
Shortly afterward, the company indicated the situation might be resolving: “We’re seeing recovery after implementing a fix, but our teams are continuing to monitor the situation.”
We’re seeing recovery after implementing a fix, but our teams are continuing to monitor the situation. Rest assured, we have all hands on deck and will continue our work to ensure our services are healthy. https://t.co/N1t0FqMA5z
In communities on Reddit, users have reported rolling delays in withdrawals, leaving thousands of dollars hanging in the balance. More recently, another user reported that they were unable to access the app or website at all.