Happycoin.club - The largest American cryptocurrency exchange several hours ago informed its clients about a “system-wide failure.” Coinbase (NASDAQ:COIN) also assured users that all their "funds are secure."

There may be no connection here, but the price of Bitcoin reacted to the news with an immediate fall.

For some time, the Coinbase website was unavailable and displayed error 503. The crypto exchange on its page on the social network X (formerly Twitter), which is banned in Russia, reported that it was studying the problem and working to fix it.

Interestingly, the “system outage” warning came just minutes after massive messages from Coinbase users. On their social media pages, they wrote about failures when sending digital assets or withdrawing fiat currencies.

The "system-wide outage" issue has now been resolved.

In recent months, the large site has already encountered technical problems. In March, Coinbase experienced serious exchange disruptions amid increased trading volume. Then users complained that the balance of their deposits was displayed incorrectly - instead of the real amount, a zero balance was displayed. Then the exchange team coped with the difficulties, restoring transactions and the correct balance in the accounts.