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Coinbase Crisis: Zero Balances Spark Fear, Company Says Assets Are Safe

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Coinbase users experienced a shock as their account balances displayed zero due to a glitch

Users have reported seeing their account balances drop to zero, sparking widespread concern and confusion across the platform.

The issue, first identified earlier this Wednesday, has affected transactions across the board, including buying, selling, and transferring funds. Coinbase has quickly responded to the problem, assuring its users that their assets are safe and that the team is actively investigating the issue to provide a timely resolution.The glitch appears to be part of a broader issue affecting the site's performance, particularly transactions involving Ethereum and ERC-20 tokens, which are experiencing significant delays.We are dealing with a LARGE surge of traffic - apologies for any issues you encounter. The team is working to remediate.

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