Coinbase's Base Blockchain Down for Over an Hour

Coinbase's Base blockchain has been offline for over an hour, disrupting services. The outage is causing concern among users and investors alike.

Base is a layer-2 scaling solution developed by Coinbase, aiming to increase transaction throughput on the Ethereum network.

The exact reason for the outage is not immediately clear, but it's likely related to technical issues rather than security threats or hacks. Coinbase has not yet commented on the cause of the downtime.