Coinbase says an AWS cooling failure caused a major outage that disrupted trading and delayed balance updates.

Coinbase went offline for seven hours after an AWS data centre overheated in Virginia. The outage capped a week of 700 layoffs and a $394M quarterly loss.

Coinbase exchange went offline for over two hours on May 8, 2026 due to an Amazon AWS outage. Trading was halted but user funds remained secure.

Read below to see how Web3 reacted to this week’s revelation of the Coinbase (NASDAQ:COIN) hack. “The Coinbase attack proves why centralized systems keep failing – they offer no resilience against ...

Amazon Web Services reports problems in one of its US regions. The crypto exchange Coinbase was also affected.