Coinbase hit by service disruptions after AWS US-EAST-1 data center overheats!

Coinbase experienced service disruptions after elevated temperatures in an Amazon Web Services US-EAST-1 data center knocked trading offline. The exchange indicated trading would resume shortly, but only through a "Cancel Only" mode as a first step — meaning users can close positions but not open new ones during the initial recovery window.

The incident highlights the operational risk that centralised cloud infrastructure introduces to crypto trading venues. AWS US-EAST-1, one of Amazon's oldest and most heavily utilised regions, serves a significant portion of US-facing financial applications, making any thermal event there a broad-impact scenario.

No timeline for full trading restoration has been confirmed at this stage.