Coinbase: Technical problem interrupted payments from US banks

Coinbase, the cryptocurrency exchange platform, has encountered a technical problem that prevented the company from processing transactions with US bank accounts, which it has resolved, Bloomberg reports.

“At the moment we cannot receive payments or make withdrawals involving US bank accounts. Our team is aware of this issue and is working to get everything back to normal as soon as possible,” it specifically said in a statement.

We're currently experiencing technical issues creating ACH transfers. Rest assured, your funds are safe. Our team will provide an update here and on our Status Page when full functionality resumes: https://t.co/a3pl4WiDhZ

— Coinbase Support (@CoinbaseSupport) October 2, 2022

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More than an hour later than the announcement, the company said the issue has been and resolved

We’ve fully resolved this issue and ACH transfers are now processing. We apologize for the inconvenience. https://t.co/dezVgcaagm

— Coinbase Support (@CoinbaseSupport) October 2, 2022

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