Cryptocurrencies have been spreading to more and more users in recent years. Currently, there are many platforms that facilitate the access and use of crypto assets, such as Coinbase.
Through Coinbase users can buy, sell and store dozens of cryptocurrencies. It also offers additional possibilities like staking, margin trading, futures trading, and more.
Solana is one of the cryptocurrencies you can trade through Coinbase. However, currently, Coinbase users are experiencing serious issues with their Solana deposits or transfers.
According to multiple reports, Coinbase users are currently unable to send or receive Solana tokens (1, 2, 3, 4, 5, 6, 7, 8).
Coinbase users unable to send or receive Solana
Many Coinbase users have been waiting for many hours for their transfers of Solana tokens to external Solana addresses.
In addition, Solana token deposits made to Coinbase addresses from external wallets are also not reaching the Coinbase user accounts.
Sent 10 sol from coinbase pro to phantom wallet yesterday before the sol network outage.
Still not received now nearly 2 days later in phantom and Sol network is up and running.
Sol has dumped since the outage and since the funds have been locked in coinbase pending, i havent been able to sell and have lost money Source
Users are very concerned about the situation. After all, the crypto market can be very volatile at times.
So, there is always the possibility of a drop in the price of Solana tokens yet users can do nothing to mitigate the losses.
Users are also concerned about the integrity of their funds. According to reports, the transfers were confirmed correctly in the blockchain network, but the funds are not reflected in the accounts yet.
Coinbase team already aware
The Coinbase team is aware of the issue and is investigating. However, there are no details on an ETA for a fix yet.
We will update this story once new details emerge on the matter in the future.
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