American cryptocurrency exchange Coinbase assures clients of asset safety as the network receives another blow.
Second Case of “Zero Bug” Attacks
Amidst the recent outstanding rally in the price of Bitcoin (BTC), Coinbase Inc’s customers have confirmed a glitch on the platform. On February 29, a bug reportedly caused users’ account balances to read an all-time low, which got many of them concerned. The outage was said to have triggered a staggering $100 billion loss in Bitcoin market cap within only 15 minutes.
The incident was discovered around the same time when Bitcoin price surged past $64,000. However, the outage impacted Bitcoin’s price on the platform, causing the price to drop to $59,000. The leading digital asset has recovered significantly since that time and is now trading at $66,484.33 with a 5.84% increase in the last 24 hours.
There has been a recurrence of the zero balance on customers’ accounts, making it the second time in less than one week. One Coinbase
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