Coinbase Delays MultiversX Transactions for Select Users

Coinbase users experienced delays in sending and receiving MultiversX (EGLD) tokens on July 31 due to issues at the exchange's integration layer. The problem was isolated to EGLD network transactions, with buying, selling, and fiat-related operations unaffected.

According to Coinbase, their investigation into the issue started around 15:47 PDT, and the engineering team identified the root cause within hours. A fix was deployed on the same day, and monitoring after the fix confirmed that normal operations had resumed.

No security breach or fund loss was reported in connection with the incident. MultiversX's network continued operating normally during this time, with no reports of congestion or unusual activity from other platforms or on-chain monitoring tools.