Why did Coinbase disable sends for 24 hours?

3 answers

• isiya usmanMar 24, 2022 · 4 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.
  368

  184
• Andreas BoyatzoglouJan 01, 2021 · 5 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.
  321

  107
• Hays MelgaardDec 13, 2024 · a year 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.
  358

  90