The largest crypto exchanges had problems with accessibility due to a large-scale server failure

Cloudflare 's network of high-speed servers has encountered a system problem that has caused many cryptocurrency exchanges to suspend their operations.

As Cloudflare explained, the network experienced failures after today’s system update (they do not specify which ones, but are already working on fixing them). The OKX crypto exchange tweeted about a «500 Internal Server Error» on its website and assured that all problems would be resolved in the near future.

In case you're not able to visit https://t.co/GrBdKl0wkQ and «500 Internal Server Error» pops up, it seems to be an issue on #Cloudflare's end.

Looks like a global internet outage, things should be back to normal soon.

Any web3 alternative in the future?

— OKX Intern (@okx_intern) June 21, 2022

Changpeng Zhao, CEO of Binance, congratulated Cloudflare on the successful system upgrade on Twitter and informed users about the failure.

twitter.com/cz_binance/status/1 539 149 671 486 062 592?ref_src=twsrc^tfw|twcamp^tweetembed|twterm^1 539 149 671 486 062 592|twgr^|twcon^s1_c10&ref_url=https://cointelegraph.com/news/cloudflare-outage-affects-multiple-crypto-exchanges

In addition to crypto exchanges, some websites and apps, such as Zerodha and Upstox, as well as the Discord communication platform, are currently down due to the server error. This is not the first time that Cloudfare network failures have caused anxiety among crypto community members. However, users hope for a quick fix of Cloudflare’s bugs and expect the launch of full-fledged nodes for validating Ethereum transactions in the near future.