TL;DR Coinbase went offline for seven hours on Friday after an AWS data centre overheated in Virginia, capping a week in which the exchange cut 700 jobs and reported a 394 million dollar quarterly loss. Coinbase cut 700 jobs on Monday. It reported a 394 million dollar quarterly loss on Thursday. On Friday, a data centre overheated in Virginia and the exchange went dark for seven hours . The company that told its remaining engineers that AI could do weeks of work in days spent the end of the week unable to process a single trade because a building got too hot. Coinbase Support X The outage, which Coinbase attributed to a thermal failure at an Amazon Web Services facility in Northern Virginia, suspended all trading, transfers, and core exchange functions from approximately 9 a.m. Singapore time on Friday until around 4 p.m. The company’s retail-facing app also experienced degraded performance.…