Coinbase has fixed a technical problem that caused it to temporarily halt payments and withdrawals involving U.S. bank accounts.
A few hours earlier, the company had said that, for unspecified technical reasons, "we are currently unable to take payments or make withdrawals involving US bank accounts. Our team is aware of this issue and is working on getting everything back to normal as soon as possible. You may use a debit card or PayPal account to make direct buys on your account should you wish."
The issue was not the only problem in the broader crypto ecosystem this weekend. Solana suffered what it called a "major outage," one that lasted more than six hours, according to its website.
CORRECTION (Oct. 2, 2022, 15:43 UTC): Mention of Solana's network outage was unrelated to Coinbase and removed from the article.
UPDATE (Oct. 2, 2022, 15:52 UTC): Adds Solana's separate incident from this weekend.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.