[dmix]

There's an article on the frontpage of HN from NYTimes that mentions Coinbase has struggled with the massive spike in traffic recently.

It's funny how quickly people jump to overly-complex or borderline conspiratorial explanations when the obvious is staring us in the face...

Coinbase might be a large well funded organization but it's still run by developers with giant backlogs of tickets and conflicting priorities to build new stuff vs maintain old stuff.