Cloudflare experienced a three-hour technical fault on Tuesday that disrupted parts of the internet and affected several broker websites, including Monaxa, Skilling.com, Xtrade and FXPro. The outage spread across nearly every industry, disrupting Twitter, ChatGPT and most crypto platforms.
Cloudflare said it is aware of the issue and is investigating. A fix has been implemented, and further details will be provided as more information becomes available.
Besides individual firms experiencing downtimes, the outage also affected the stock of Clouflare, listed on the NYSE. The shares were down 5% on premarket amid the disruption. Some global regulators, including the UK’s Financial Conduct Authority (FCA), also appear to have been affected by the technical glitch.
Ran Strauss, Leverate’s CEO, said: “At Leverate, we view Cloudflare not merely as a CDN provider, but as a critical component in the security infrastructure of any serious FX & CFD broker.” Today’s global outage perfectly illustrates the point we’ve been making to our clients for years: protection at this level is a necessity, not an option. Incidents of this magnitude are extremely rare, but when they do occur, the entire industry including Cloudflare itself – learns from them.
Toncoin reported a “major outage” as its network struggled to remain accessible. Arbiscan, the block explorer for the Arbitrum network, went dark shortly afterward. DefiLlama, one of the sector’s most widely used data trackers, also showed intermittent errors. Even X, the social media platform heavily used by crypto traders, experienced access issues.
Users attempting to reach many of these services encountered “500 internal server errors,” a standard message that appears when a site’s backend fails to process a request. Interestingly, a similar outage occurred last month, when a disruption at Amazon Web Services briefly slowed or disabled several major online platforms, according to outage tracker Downdetector.
Coinbase Support: We’re aware many users are currently unable to access Coinbase due to an AWS outage. Robinhood and Coinbase were among the most affected, with users reporting problems accessing trading tools. Snapchat, Perplexity AI and several Amazon services also experienced interruptions as the issue spread across multiple regions.
The incident hindered trading activity, social interactions and cloud-based applications for several hours.
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