Cloudflare Global Crash Hits Crypto Exchanges
On June 21, due to a global service outage of network service provider Cloudflare, which provides CDN services, DDoS protection, secure access to resources, and DNS servers, many crypto exchanges went down.
For example, the FTX exchange on Twitter warned users about possible difficulties in accessing its site and switched the ability to place positions on the market to “Post-Only” mode.
Bitfinex CTO Paolo Ardoino also reported problems on the site due to the failure of Cloudflare.
Coinbase reported a failure to connect to the network of retail and institutional trading platforms and warned of possible transaction failures and transaction delays on the web and mobile versions of the trading platform.
OKX CEO Jay Hào also noticed the inability to access the exchange’s website due to Cloudflare’s outage.
And one user under the pseudonym CPdoge noted that WhiteBit, PancakeSwap, and Discord are also experiencing website disruptions due to the crash.
In early June, the Solana network experienced a global system failure. Due to the consensus malfunction, not a single block was produced for more than 4 hours.