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  • Coinbase users were unable to withdraw funds to US bank accounts for six hours

    10/02/2022 8:32:47 PM PDT · by BenLurkin · 6 replies
    engadget.com ^ | 10/02/2022 | K. Holt
    Coinbase users were unable to carry out US bank account transactions for around six hours on Sunday. An issue with the Automated Clearing House Network, which is used for electronic transfers between bank accounts in the country, emerged just before 7AM ET. The company said on its status page that it identified the problem, described as a "major outage," by 8:23AM and resolved it by 12:41PM. During the outage, users were still able to buy cryptocurrency with a debit card or PayPal account, as Decrypt noted. However, they weren't able to make withdrawals to a US bank account. Coinbase is...