The largest cryptocurrency exchanges lose millions due to a Cloudflare malfunction

image

On Tuesday, Cloudflare disruptions affected major global services, including popular crypto exchanges. The company confirmed that the problems were related to a critical failure that led to disruption of the service in many regions. According to experts, Cloudflare failures affected applications and websites around the world.

According to the company disBalancer, the crypto exchanges did not work the longest Gate.io (1 h 20 min), AscendEX (1 h 20 min), Coinbase (1 h 19 min), OKX (1 h 19 min), Blockchain.com (1 h 19 min), Crypto.com (1 h 17 min). The largest losses were incurred by the crypto exchanges Coinbase ($109,083,180), OKX ($93,475,456), and Gate.io ($77,789,159). Information security experts noted that data on trading volumes are unstable, so estimates are approximate.

“This was not the first time that interruptions in the work of Cloudflare led to downtime of popular applications and web resources. Given the current situation, the real reasons for the Cloudflare malfunction remain unknown,” disBalancer said.

Start a discussion …