ETH - Coinbase-Incubated Base Faces Major Outage Assures 'No Funds Are At Risk' | Benzinga
Coinbase Global Inc (NASDAQ:COIN)-backed Ethereum (CRYPTO: ETH) Layer-2 network, Base, experienced a significant outage on Tuesday, taking an hour to fully rectify. The team insists that no funds were threatened.
According to a report by Decrypt, the disruption lasted 30 minutes, followed by another 30 minutes until full restoration of the system. The issue, coined as a “Base chain stall,” was promptly identified and fixed.
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The Base team communicated via Twitter that the outage was due to a delay in block production, partially because of internal infrastructure requiring a refresh. They assured that the issue has been remediated and “No funds are at risk.”
Earlier today ...