Cloudflare Outage Impacts Crypto, Dating, and Shopping Platforms A Cloudflare outage affected several popular platforms such as Shopify, Grindr, Fitbit and some of the largest crypto exchanges.

By Madeline Garfinkle

Opinions expressed by Entrepreneur contributors are their own.

Cloudflare, the web performance and security company, experienced a widespread outage around 2:30 a.m. on Tuesday, impacting multiple sites across the web.

"The Cloudflare team is aware of the current service issues and is working to resolve as quickly as possible," the company tweeted around 3 a.m.

Popular platforms that use Cloudflare's technology including Discord, Shopify, Grindr, Fitbit, and Peloton — along with popular crypto exchanges such as FTX, Bitfinex, and OKX — were among the companies affected by the outage.

By 4:08 a.m., Cloudflare tweeted again that the "incident has been resolved."

Still, the outage impact on the crypto space raised concerns regarding the overall security of centralized cryptocurrency platforms, TechCrunch reported.

Related: Crypto Exchange Shuts Down Withdrawals After Hackers Reportedly Steal $33 Million in Bitcoin, Ethereum

When FTX was down, it forced users to trade in a "post-only" mode, meaning an order could only be placed by a "maker" (someone who sets a price to buy or sell).

The incident furthers the debate between centralized versus decentralized exchanges. While centralized exchanges are monitored by regulators, some argue they are more susceptible to hackers due to a larger volume of traders.

Decentralized exchanges —which involve a direct transaction between users — still incorporate risk, but the assets are stored in the self-custodian wallets rather than on an entire platform. The scale of losses in crypto due to the Cloudflare outrage is still unclear.

Madeline Garfinkle

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Starting a Business

How to Build a Side Hustle That Stands on Its Own — Without Burning Out

Ready to take your side hustle to the next level? This article shows you how to turn it into its own unique brand that gets noticed and grows on its own.

Science & Technology

101 Small Business Ideas to Match Your Personality, Investment, Skills & Goals

Still stuck on what biz to start? Use AI to uncover 101 custom ideas aligned with your skills, values & lifestyle—plus a 90-day roadmap to launch with clarity.

Business Solutions

Access 25 Hours of AI Training for Less Than $20

This e-degree gives you hands-on AI training that's perfect for entrepreneurs wearing many hats.

Productivity

Squeeze a Whole Business Book into Your Lunch Break

Power through 1,800+ titles without falling behind on your calendar.

Business Solutions

Final Hours to Get Windows 11 Pro with Copilot for Just $10

This Copilot-equipped OS is here to make your workflow faster and smarter.