Coinbase says AWS cooling failure crashed exchange during turbulent week — CEO Brian Armstrong calls it 'never acceptable'

Coinbase COIN Chief Executive Brian Armstrong said an overheating issue inside an Amazon Web Services (AWS) data center ...
Blockonomi

Coinbase CEO Confirms AWS Cooling Fault Downed Exchange, Pledges Latency-Resilience Trade-Off Review

Coinbase's exchange went offline after AWS chillers failed and overheated a data center room. CEO Brian Armstrong promises a ...
The Next Web

Coinbase cut 700 jobs on Monday, lost $394 million on Thursday, and went dark on Friday because a data centre overheated

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 boss fires 700 workers in 6:55 a.m. email saying company must become ‘lean, fast, and AI-native’

Coinbase chief executive Brian Armstrong informed employees in an early morning message Tuesday that the cryptocurrency ...
Blockonomi

Coinbase Exchange Knocked Offline by AWS Cloud Service Disruption

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

Coinbase estimates cyberattack could cost crypto exchange up to $400M

Coinbase Global's shares fell more than 7% on Thursday after the crypto exchange said a cyberattack that breached customer account data could cost the company up to $400 million. The stolen ...

Coinbase to lay off 700 workers as crypto company embraces AI

"This is a new way of working, and we need to leverage AI across every facet of our jobs," CEO Brian Armstrong said in a ...

Crypto exchange Coinbase to cut about 14% of workforce in AI-driven restructuring

By Prakhar Srivastava and Pragyan Kalita May 5 (Reuters) - Coinbase said on Tuesday it would cut about 700 jobs, or about 14% ...
News Tribune

Crypto exchange Coinbase to lay off 14 percent of staff as AI reshapes work

Cryptocurrency exchange Coinbase said it's slashing roughly 14 percent of its workforce, or about 700 workers, partly because ...

Coinbase wants to become an 'everything exchange' as crypto speculation slows and traders shift to prediction markets, gold and oil

Coinbase COIN is leaning harder into prediction markets, derivatives and commodities trading as speculative crypto activity ...