Coinbase CEO Confirms AWS Cooling Fault Downed Exchange, Pledges Latency-Resilience Trade-Off Review

TLDR: Multiple AWS chiller failures caused a data center room to overheat, triggering the Coinbase exchange outage. Coinbase’s exchange architecture prioritizes low latency and client co-location over fault tolerance and redundancy. Most Coinbase systems survived the AWS Availability Zone failure, but the centralized exchange was not resilient. CEO Brian Armstrong confirmed a full infrastructure review [...]

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