[Crypto World] The truth behind last weekend’s over 10-hour CME system outage has finally come to light.
On December 7, Bloomberg revealed that the culprit was a rookie mistake at the Aurora, Illinois data center—the on-site staff forgot to drain the cooling tower before a cold wave hit. This move directly crashed the cooling system, causing the temperature to spiral out of control and taking down the entire trading system.
This data center is owned by CyrusOne, backed by major institutions KKR and Global Infrastructure Partners. On November 28, CME’s commodities futures trading just abruptly stopped, and it now appears to have been entirely human error—the standard procedures are all documented, but no one followed them.
This incident caused quite a stir, as it concerns the core infrastructure of the global financial market. A single oversight with a cooling tower managed to paralyze an entire exchange for half a day, really calling the reliability of this infrastructure into question.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
5
Repost
Share
Comment
0/400
StablecoinAnxiety
· 12-07 01:24
It's absurd. Can the entire global futures market be paused just because someone forgot to turn on the water? How messed up does the operating procedure have to be for that?
View OriginalReply0
GasFeeCrier
· 12-07 01:23
Unbelievable, how can someone forget to drain the cooling tower? Is this really the standard of a global financial hub?
This is a man-made disaster; the standard procedures are right there and no one is following them.
Even a big institution like KKR can't manage this? Hilarious, and people still talk about decentralization.
A single cooling tower halted trading for over a dozen hours—what does that tell you?
Seems like traditional financial infrastructure isn't as reliable as we thought.
If this were on-chain, how many failsafes would have been triggered by now?
Now the market finally understands why we insist on self-custody.
View OriginalReply0
Frontrunner
· 12-07 01:03
So just because of a cooling tower water discharge issue, the entire global futures market comes to a halt? I’m really impressed by the stability of these facilities.
View OriginalReply0
NeonCollector
· 12-07 01:03
Just forgetting to inject liquidity can cripple the entire global financial system? That sounds way too far-fetched... Even a giant institution like KKR can’t do anything about it?
View OriginalReply0
OptionWhisperer
· 12-07 01:01
Haha, this operation is unbelievable. How could they forget to drain the cooling tower? It's a bit worrying that the global financial infrastructure is being supported by this level of competence.
---
This is a man-made disaster. The standard procedures are right there, but no one checks them. Who is responsible for this...
---
Over ten hours lost just because of one small detail being forgotten. KKR's money was really well spent.
---
I just want to know if this guy is still working here. What level of mistake does this count as?
---
The reliability of the underlying infrastructure... it's heartbreaking to even talk about it. Who knows how many hidden risks are still there, waiting to be exposed?
---
It's a completely basic mistake, but the impact is huge. No wonder everyone is questioning the stability of the exchange.
Truth Behind CME System Crash Exposed: Data Center Cooling Tower Error Causes Trading Interruption for Over 10 Hours
[Crypto World] The truth behind last weekend’s over 10-hour CME system outage has finally come to light.
On December 7, Bloomberg revealed that the culprit was a rookie mistake at the Aurora, Illinois data center—the on-site staff forgot to drain the cooling tower before a cold wave hit. This move directly crashed the cooling system, causing the temperature to spiral out of control and taking down the entire trading system.
This data center is owned by CyrusOne, backed by major institutions KKR and Global Infrastructure Partners. On November 28, CME’s commodities futures trading just abruptly stopped, and it now appears to have been entirely human error—the standard procedures are all documented, but no one followed them.
This incident caused quite a stir, as it concerns the core infrastructure of the global financial market. A single oversight with a cooling tower managed to paralyze an entire exchange for half a day, really calling the reliability of this infrastructure into question.