An outage at content infrastructure provider Cloudflare left many popular web services without access for several hours, including several major cryptocurrency exchanges.
The outage affecting the services of high-profile exchanges such as FTX, Bitfinex and OKX has raised further questions about the security of the centralized crypto platform. Despite being more user-friendly, such centralized exchanges are more vulnerable to hacks. OKX CEO Jay Hao after being affected by Cloudflare’s service issues tweeted Asking for “future web3 alternatives”.
Meanwhile, rival FTX, the world’s second largest crypto exchange, briefly went into “post-only” trading mode during the outage. Other crypto-focused services that lost website availability during Cloudflare’s outage include block explorer Etherscan and crypto exchange Bitfinex.
After resolving a “widespread” outage earlier in the day, affecting many other services such as Discord, Omagle, DoorDash, Crunchyroll, NordVPN and Feedly, many services affected by the incident were back online within an hour to two hours. Went. According to DownDetector, a crowdsourced web monitoring tool that tracks outages, users also indicated struggling with access to Coinbase, Shopify and League of Legends.
The company neglected to disclose what caused the issue, which reportedly caused similar outages globally earlier this week. Cloudflare’s chief technology office John Graham-Cumming said the outage had not spread around the world, but acknowledged it affected “a lot of places”.
Last month, Cloudflare announced that it would be launching a fully-fledged validator node on Ethereum over the next few months. In addition to staking ETH, the company is also working in depth on researching the next generation of consensus models.
“Cloudflare is going to participate in the research and development of the core infrastructure that helps keep Ethereum safe, fast, as well as energy-efficient for all,” the announcement said. Cloudflare provides protection against Distributed Denial of Service (DDoS) attacks and other web-based threats to high-traffic websites and Internet portals.
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