Coinbase suffers outages for some users as Bitcoin and other digital coins tanked in a massive sell-off

Crypto trading platform Coinbase said Wednesday that it’s encountering blackouts for certain clients as Bitcoin and other digital coins failed in a gigantic auction.

“We’re seeing a few issues on Coinbase and Coinbase Pro and we’re mindful a few highlights may not be working totally typical,” the company said in a statement. “We’re exploring what’s happening at this moment, and when we realize more we’ll tell you.”

The company added that a few clients can’t sign in, see their equilibriums, and exchange. Data from DownDetector shows that the issues began around 8:45 a.m.

Shares of Coinbase dropped very nearly 8 percent.

What’s more, Binance, another mainstream crypto trading platform, likewise reported it was encountering issues because of a flood in traffic and said it was stopping some crypto withdrawals.

″$ETH and ERC20 withdrawals are briefly debilitated because of organization blockage. Much obliged to you for your understanding and conciliatory sentiments for any burden caused,” the company said in a tweet.

Those issues were settled around 10:30 a.m., Binance said in a subsequent statement.

The blackouts came at a severe time for the individuals who had crypto property on one or the other platform. Wednesday morning saw a huge auction across cryptos that cleaned nearly $400 billion off of the whole market.

Bitcoin was down just about 20 percent as of 10:50 a.m. while ether, the local cash of the Ethereum blockchain, and Dogecoin were both down more than 24 percent.

Financial backers took to online media to communicate their dissatisfaction. Some mourned that the blackouts has cost them money while others inferred unfairness.