Several popular web services, including crypto exchanges, were taken down during a Cloudflare outage

An outage at content infrastructure provider Cloudflare left many popular web services without access for several hours, including several major cryptocurrency exchanges.

The outage, which affected such high-profile exchanges as FTX, Bitfinex and OKX, raised further questions about the security of centralized crypto platforms. Although much more user-friendly, these centralized exchanges are much more susceptible to hacks. After being hit by Cloudflare’s service issues, OKX CEO Jay Hao tweeted asking for a “web3 alternative in the future”.

Meanwhile, rival FTX, the world’s second-largest crypto exchange, briefly went into “post-only” trading mode during the outage. Other crypto-centric services that lost website availability during the Cloudflare outage included block explorer Etherscan and crypto exchange Bitfinex.

Previous interruptions

After resolving a “widespread” outage earlier today affecting many other services such as Discord, Omegle, DoorDash, Crunchyroll, NordVPN and Feedly, many of the services affected by the incident were back online within an hour at two o’clock. According to DownDetector, a crowdsourced web monitoring tool that tracks outages, users have also reported having difficulty accessing Coinbase, Shopify, and League of Legends.

The company failed to disclose the cause of the issue, which reportedly caused similar outages around the world earlier in the week. Cloudflare CTO John Graham-Cumming said the outage didn’t spread globally, but acknowledged it affected “many places.”

Validator nodes

Last month, Cloudflare announced that it would launch and fully implement validator nodes on Ethereum over the next few months. In addition to staking ETH, the company is also deepening its research on the next-generation consensus model.

“Cloudflare will participate in the research and development of the core infrastructure that helps keep Ethereum secure, fast, and energy efficient for everyone,” the announcement reads. Cloudflare provides protection against Distributed Denial of Service (DDoS) attacks and other web threats for high-traffic websites and Internet portals.

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