Cloudflare outage hit crypto exchanges FTX, Bitfinex and more – TechCrunch

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Cloudflare outage hit crypto exchanges FTX, Bitfinex and more – TechCrunch

A Cloudflare outage on Tuesday knocked out many popular web services, including major crypto exchanges FTX, Bitfinex and OKX, raising questions about the stability of centralized crypto platforms.

The CEO of OKX, which recorded a trading volume of $1.47 billion in the last 24 hours, tweeted asking for a “web3 alternative in the future” after the company’s website was hit by Cloudflare’s service issues.

FTX, the world’s second-largest crypto exchange, briefly went into “post-only” trading mode when it became inaccessible during the outage, the firm tweeted.

Block explorer Etherscan and crypto exchange Bitfinex also tweeted that their website was unavailable. Many services affected by the incident were brought back online within two hours.

More soon…

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