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Tomiwabold Olajide

Coinbase CEO Brian Armstrong Details May 7, 2026 Outage and "Next Steps"

Coinbase CEO Brian Armstrong said the exchange's multi-hour outage was "never acceptable" and that the company is already working on next steps. The incident began on May 7, 2026 at 23:50 UTC after cascading quote failures, impacting spot trading as well as Prime, International and derivatives, while balance updates lagged but later recovered with no data loss.
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