Korean Crypto Exchange Suffers Outage During Bitcoin Cash Surge
- Bithumb says server failed amid an abrupt increase in usage
- Other large exchanges have faced similar issues as prices soar
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Bithumb, one of the world’s most heavily trafficked bitcoin exchanges, is getting heat from customers who were unable to make transactions after its server went down over the weekend.
For about two hours on Sunday, users of the Seoul-based exchange couldn’t make withdrawals and deposits after a sudden surge in usage caused a server connection failure, Bithumb said on its website. Trading volume was about 800 percent higher than the October average as prices in some virtual coins experienced wild fluctuations.