Service outages have been reported at major cryptocurrency exchanges on Feb. 8, following the news that Tesla invested $1.5 billion in Bitcoin (BTC).

As Cointelegraph reported earlier, news of Tesla's sizeable investment bankrupt later the discovery of a filing with the U.Due south. Securities and Exchange Commission. This caused Bitcoin price to jump $iii,000 in a matter of minutes, eventually claiming a newall-fourth dimension high of $44,850.

Problems were reported at a number of exchanges, including Binance, whose CEO CZ tweeted that a traffic influx was causing temporary delays while auto-scaling caught upwards, and that Tesla CEO Elon Musk was to blame.

Many Kraken users took to Twitter to complain that the site was also downward, leading to an incident study being raised on the platform's status folio.

The reported outages are just the latest in a seemingly never-ending cycle of issues to occur at major exchanges when traffic book spikes, causing some in the crypto community to cry "foul play".

Despite assurances from the exchanges that past bug take been addressed, platforms continue to crash on a regular ground during high-traffic periods such as price pumps; the fourth dimension when most investors want their service to be at its most stable.

Aside from news of Tesla's $one.5 billion Bitcoin investment, the report filed with the SEC also suggested that Tesla would start to take Bitcoin as payment for its cars. As the company can now concord reserves in Bitcoin, information technology would not need to immediately liquidate tokens acquired in this manner.