common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

Why did Coinbase disable sends for 24 hours?

avatarMay EllisonNov 26, 2021 · 3 years ago3 answers

Can you explain why Coinbase temporarily disabled the ability to send cryptocurrencies for a period of 24 hours?

Why did Coinbase disable sends for 24 hours?
Coinbase
Cryptocurrency
Sends

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Coinbase disabled sends for 24 hours as a precautionary measure to investigate a potential security vulnerability. By temporarily halting outgoing transactions, Coinbase aimed to protect its users' funds and ensure the integrity of its platform. This action demonstrates Coinbase's commitment to maintaining a secure and reliable trading environment for its customers.
  • avatarNov 26, 2021 · 3 years ago
    Coinbase disabled sends for 24 hours due to a suspected security breach. This decision was made to prevent any potential unauthorized access to users' accounts and funds. By taking swift action and temporarily suspending outgoing transactions, Coinbase demonstrated its dedication to safeguarding the assets of its users.
  • avatarNov 26, 2021 · 3 years ago
    During the 24-hour period, Coinbase disabled sends to address a security concern. This proactive approach allowed Coinbase to thoroughly investigate and address any potential vulnerabilities, ensuring the safety of its users' funds. By prioritizing security, Coinbase maintains its reputation as a trusted and secure platform for cryptocurrency transactions.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions