- Coinbase introduced yesterday night that they’re suspending ETH reward payouts.
- Not too long ago, the cryptocurrency trade has had some issues with ETH investing.
- Nonetheless, the trade expects to resolve the problem inside 48-72 hours.
Might 16 In a press release posted on the trade’s web site, Coinbase introduced that it’s briefly suspending the issuance of Ethereum (ETH) after fee of reward funds.
The trade is at present investigating the problem after the momentary suspension.
ETH rewards caught
Final week Coinbase had an issue with ETH rewards. ETH rewards caught as a result of its programs don’t help ETH addresses of exterior validators.
The hiccup left the cryptocurrency neighborhood annoyed as many vented their anger on social media platforms.
Along with the issues with ETH staking bonuses, fairly a couple of withdrawals additionally acquired caught within the withdrawal queue.
Whereas the current Ethereum Shapela replace had many optimistic results for ETH holders, the power to withdraw deposited ETH appears to be placing strain on many ETH platforms.
Coinbase has just lately acquired over 53,400 ETH deposits, with a big portion of those deposits coming from Coinbase’s cbETH deposit handle. In keeping with CryptoQuant, 44,000 ETH was withdrawn from this handle, which was transferred to a Coinbase 10 pockets handle.
