Crypto exchange Coinbase Inc. (NASDAQ:COIN) suffered from a major outage Wednesday, with users reporting zero balances in their account as Bitcoin (CRYPTO: BTC) hit the $64,000 mark. 

Coinbase CEO Brian Armstrong said the exchange was dealing with a "LARGE surge of traffic" and apologized for user inconvenience.

"We are aware that some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling. Our team is investigating this & will provide an update shortly. Your assets are safe," Coinbase tweeted.

After hitting the $64,000 mark, Bitcoin dropped 8% in a sudden selloff before stabilizing around $61,000 levels.

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Photo courtesy of Coinbase.