Cryptocurrency markets have been experiencing constant fluctuations since the beginning of 2022. However, we can say that we are experiencing the biggest of these fluctuations right now. In our previous news, we talked about the reasons for the decline in the crypto and bitcoin markets.
As the declines continue, the fortunes of cryptocurrency billionaires are melting away. A new one has been added to the worrying situation for many people investing in the markets today, and it has been reported that there are some access issues on Coinbase servers.
Users reported that they could not withdraw their funds from Coinbase
Coinbase’s CEO Brian Armstrong was one of the names most affected by the market drop. The crypto exchange, which shared the same fate with Armstrong, whose wealth was gradually melting, also faced many difficulties in the face of declines. After this extreme agenda, everyone has intensified transactions on crypto exchanges.
A large number of users who have investments in Coinbase reported that they had problems with withdrawing funds from the system. Coinbase confirmed the problem with a tweet and stated that the teams are working on this issue and that it will be resolved soon.
(We are aware that some customers are having problems transacting and accessing accounts on Coinbase and Coinbase Pro. Your money is safe and we are actively working on it. We will provide an update here soon. )
The fact that the fall in the stock market affected the CEO of Coinbase so much, brought new rumors with it. The majority of the allegations that emerged were that the company was on the verge of bankruptcy and that if Coinbase went bankrupt, users who had money on the exchange would not be able to receive their money. Armstrong denied these allegations and regarding previous issues; “Your money is safe. We will release an update soon.”
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