🚨 Coinbase's Base Network Faces 29-Minute Outage!
📢 On Aug 5, 2025, Base, Coinbase’s Ethereum Layer-2 solution, experienced its first major downtime since 2023, halting block production, deposits, and withdrawals for ~29 minutes due to an "unsafe head delay."
🔧The issue, linked to a centralized sequencer, was resolved by 06:44 UTC with no funds lost.
👀 This outage highlights the risks of centralized L2 designs and sparks calls for decentralized sequencers.
