Major Crypto Exchanges Went Offline as Cloudflare Suffered Outage

Earlier today, web infrastructure platform Cloudflare suffered another major outage causing half of the Internet to collapse, crippling major communication platforms and crypto exchanges, including Discord and FTX.

Major Crypto Exchanges Went Offline

During the Cloudflare outage, which lasted for 25 minutes, crypto users who tried to access the websites of service providers like FTX, Bitfinex, CoinMarketCap, and OKX, were met with a “500 Internal Server Error” message.

Immediately after the affected exchanges noticed the issue, they informed users about it via Twitter, with OKX’s CEO, Jay Hao, asking if there is any web3 alternative to prevent such from happening in the future.

In case you’re not able to visit https://t.co/GrBdKl0wkQ and “500 Internal Server Error” pops up, it seems to be an issue on #Cloudflare’s end.

Looks like a global internet outage, things should be back to normal soon.

Any web3 alternative in the future?

— jay_star.lens | OKX CEO (@Jay_OKX) June 21, 2022

FTX also informed users about the outage, noting that its markets are available in post-only mode.

Cloudflare is experiencing an outage, and so FTX and many other sites are going to be hard to access for many users. FTX markets are in post-only mode.

— FTX (@FTX_Official) June 21, 2022

Interestingly, the Cloudflare outage did not affect a few crypto exchanges, including Binance. When asked why Binance was still up and running during the downtime, the company’s CEO Changpeng Zhao said the exchange had a redundant setup to prevent such incidents.

Not perfect, CMC is affected. 😂

— CZ 🔶 Binance (@cz_binance) June 21, 2022

Not the First Time

Cloudflare has restored its servers, allowing users to access affected crypto exchange websites. Although the web infrastructure platform didn’t disclose the cause of the outage, the company said it would keep monitoring the results.

However, this isn’t the first time Cloudflare has suffered an outage that affected crypto websites. In August 2020, another similar incident brought Bitfinex and several other major websites to a brief pause. Last week, the platform reported a downtime that affected websites in some parts of the world.

Cloudflare to Set Ethereum Validator Nodes

Meanwhile, Cloudflare recently announced support for Ethereum Gateway to allow users to read and write access to the Ethereum network without installing any software on their devices.

The web infrastructure platform also plans to launch a fully stake ETH validator node in the coming months to support Ethereum’s POS transition.