Groww DownImage Credit source: Symbolic photo
There was a rise in the share market today due to RBI Repo Rate Cut and many agreements signed between the two countries due to the meeting of PM Modi-Putin. Sensex rose by 500 points while Nifty rose by 168 points, everything was going well and investors were also getting rich… But then suddenly due to interruption in Cloudfare, the service of many trading apps like Zerodha and Groww came to a standstill and people’s crores of rupees were ‘lost’ within a few minutes. Due to this blockage, people were neither able to view nor exit the positions in F&O.
Due to the sudden stoppage of Cloudflare’s service, many people had to suffer losses in trading, in such a situation it is natural for people to get angry on social media. As soon as the Cloudflare service was repaired, the service of the trading apps was also restored, but who will compensate the loss suffered by the traders?
Groww’s service went down at 2:38 pm and the service of the app was restored again at 2:46 pm. Probably no one has the answer to the problem and loss faced by the traders for about 8 minutes because the companies do not give any compensation to the trading app people in this matter. This is not the first time that Cloudflare has gone down, this is the second time that a major glitch was seen in the company’s service, due to which traders had to pay the price by losing money.
(Photo- Groww)
What is Cloudflare and what does it do?
Cloudflare helps in making any website and internet service secure and reliable. Its work helps in protecting the content delivery network from DDoS attacks and cyber threats. Apart from this, Cloudflare provides the world’s fastest DNS service.
(Photo- Groww)
These platforms were also affected
Not only trading platforms like Groww and Zerodha, due to this disruption, services of most of the services dependent on Cloudflare like Perplexity, AI Chatbot Claude and MakeMyTrip were also affected.