On March 26, 2018, Coinbase, one of the most popular cryptocurrency exchanges, went down for several hours. This caused a lot of speculation as to why this happened.
There are a few possible explanations.
One possibility is that Coinbase was overloaded with traffic. This is because on the same day, Bitcoin prices suddenly dropped by $1,000.
This caused a lot of people to sell their Bitcoin and other cryptocurrencies on Coinbase. The sudden influx of traffic may have caused the exchange to go down.
Another possibility is that Coinbase was hacked. This is because a few days before Coinbase went down, there were reports that some people’s accounts were hacked on the exchange.
It’s possible that the hackers took advantage of the situation when Coinbase was down to try and steal more money.
It’s also possible that Coinbase went down because of technical issues. The exchange has been known to have issues with its website and app in the past.
It’s possible that something went wrong behind the scenes that caused the exchange to go down.
Whatever the reason, Coinbase going down caused a lot of inconvenience for its users. The exchange is now back up and running, but it’s still unclear what exactly happened.