Coinbase says it's investigating as some Wallet users see empty balances

Quick Take

  • Some Coinbase Wallet users are seeing empty balances amid a technical issue. 
  • Coinbase said it’s investigating the matter and that funds are secure.

Coinbase said Monday that it is investigating an error that had some Wallet users seeing zero balances.

"While we work on a fix, your funds remain secure," the company said in a status update.

"Customers of Coinbase Wallet may experience issues trying to sign in or onboard to CB Wallet," the company added. "Customers may also be seeing a display issue showing a 0 balance within some assets."

Some users took to social media to ask Coinbase CEO Brian Armstrong about the issue, stating that their bitcoin balance wasn't showing. 

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

The company said in a follow-up post that it had identified the cause of the issue that a fix was being implemented.

(Updates to show company identified cause of issue.)


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

Editor

To contact the editor of this story:
Nathan Crooks at
[email protected]