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Crypto Exchange Coinbase 'Free Bitcoin' Super Bowl Ad Commercial Site to Briefly Crash

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Joyashree Dey Follow

INDIA

Feb, 15 2022

Feb, 15 2022

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On February 13, Coinbase followed up the ‘Free Bitcoin’ super bowl commercial with a message via social media, declaring a $15 Bitcoin giveaway to clients who join on Super Bowl Sunday.

Following the advertisement broadcasted on Sunday evening, various reports arose via online media that Coinbase's site had crashed, with the unexpected influx of clients liable to blame. The site is currently available and usable as of this writing.

The sixty-second commercial is exclusively made out of a QR code kicking back against the sides of the frame, similar to a DVD Video logo that seems when a film is stopped for an adequately long time interval. Set to a tune named "Alupa - Pappa," the QR card moves around, changing colors before the advertisement finishes up with the Coinbase logo. Scanning the QR code diverts watchers to Coinbase's official site.

The blackout didn't keep going long as the Coinbase site was up a couple of moments later, including its homepage page that showed the giveaway promotion alongside messages like "Less Talk, More Bitcoin" and "WAGMI."

The faltering in Coinbase servers isn't the main obstacle that the cryptocurrency exchange has confronted this end of the week. Coinbase briefly suspended exchanging on its new Advanced Trading platform on Friday evening after being told of a weakness in its exchanging systems by a white-hat hacker.

"The issue is sensitive and could allow malicious users to send all Coinbase order books to arbitrary prices," the white-cap programmer, who goes by the pseudonym "Tree of Alpha," told CoinDesk via Twitter. The company has since worked together with the hacker to resolve the issue.

Coinbase's limited scale ad is just the principal cryptocurrency-related commercial for a Super Bowl broadcast that is relied upon to air promotions from other cryptocurrency exchanges.

 


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Joyashree Dey

CBW - External Analyst

INDIA

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