Coinbase, a US-based cryptocurrency exchange, recently addressed technical issues causing delays in Solana (SOL) transactions. According to the platform's update, the problem has been resolved, ensuring users' funds remain secure.
Some users encountered delays in sending SOL, with the issue occurring on March 17, 2024, at 12:09 PDT, as per Coinbase's official announcement. Despite these delays, Coinbase reassured customers that their buys, sells, and fiat withdrawals/deposits remained unaffected by the incident. The problem was marked as "resolved" approximately five hours later.
Similar incidents were reported three days earlier, as highlighted by Reddit users. Complaints surfaced regarding SOL funds being stuck in Coinbase wallets despite successful transactions. However, Coinbase promptly addressed the situation, ensuring users' concerns were mitigated.
Coinbase also encountered delays in Ethereum transactions on the same day at 19:14 PDT. However, the exchange swiftly resolved the issue within the hour, assuring users of the safety of their funds. Ethereum trading resumed without further complications.
Despite the setback during the transaction delays, SOL exhibited a significant surge in value after the issue's resolution. Currently priced at $203, SOL experienced a remarkable 10.24% increase in the last 24 hours and a notable 45.94% hike over the past week.
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