Cryptocurrency markets have seen constant fluctuations since early 2022. However, we can say that we are currently experiencing the largest of these fluctuations. In our previous news, we talked about the reasons for the decline of the crypto and bitcoin markets.

As the declines continue, the fortunes of crypto billionaires are melting away. A new one has been added to the worrying situation for many people investing in the markets today, and it has been reported that there are some access issues on Coinbase servers.

Users reported that they were unable to withdraw their funds from Coinbase.

Coinbase CEO Brian Armstrong was one of the names most affected by the market’s decline. The crypto exchange, which shared the same fate with Armstrong, whose wealth was gradually melting away, also faced many difficulties in the face of declines. After this extreme agenda, everyone has intensified the transactions on crypto exchanges.

A large number of users who have invested in Coinbase reported having problems withdrawing funds from the system. Coinbase, in a tweet fixed the problem and the teams are doing the necessary work on this issue and it will be resolved shortly.

(We are aware that some customers are having issues transacting and accessing accounts on Coinbase and Coinbase Pro. Your money is safe and we are actively working on it. We will update this shortly.)

That the fall in the stock market so affected the CEO of Coinbase brought new rumors. Most of the allegations that came up were that the company was on the brink of bankruptcy and that if Coinbase went out of business, users who had money in the exchange would not be able to receive their money. Armstrong denied these allegations and with regard to previous issues; “Your money is safe. We will release an update soon” spoke his words.