• Coinbase services stayed down for more than two hours after an AWS data center failure.
• AWS confirmed overheating and power loss damaged hardware and disrupted cloud services.
• Coinbase said customer funds remained safe while engineers worked to restore functions.

Coinbase users lost access to trading services for more than two hours after a major Amazon Web Services outage hit one of the company’s core data center zones in Northern Virginia on May 7. The exchange confirmed that some users could not trade while others saw major delays and failed requests across the platform.

????The Coinbase status page showed “degraded performance” across exchange services. The company later confirmed that the issue came from an AWS outage. Coinbase also told users that funds remained safe while engineers worked on recovery.

????The AWS issue started after …

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