Coinbase's Web3 wallet crisis tests trust in centralized cryptocurrency control
Source: CoinWorld
Time: 2025-09-11 05:33:01
Due to system maintenance and security updates, Coinbase users' Web3 wallet features, including token transfers and dApp integration, were interrupted. The company confirmed that user funds are safe and planned to resume full service within 48 hours while strengthening customer support to handle consultations. This incident highlights the challenge of maintaining decentralized tools within a centralized platform, which may affect user trust during Coinbase's expansion of Web3 services.