Cryptocurrency News: AWS Service Disruption Leads to Binance and KuCoin Outages—Here’s the Overview of the Situation.

A significant outage at AWS impacted 12 services, causing interruptions in withdrawals and trading on eight cryptocurrency exchanges, such as Binance and KuCoin, for more than an hour. This event underscored the dependency of cryptocurrencies on centralized cloud systems and initiated discussions about the need for decentralized solutions to avoid future vulnerabilities. On the morning of April 15, a substantial technical failure affected Amazon Web Services, disrupting operations across eight prominent crypto platforms. Centralized exchanges such as Binance and KuCoin were significantly affected. The occurrence led to a suspension of withdrawals and resulted in significant delays for many users attempting to trade or transfer their assets. We acknowledge that there is a problem affecting certain services on the #Binance platform, which is due to a brief network disruption in the AWS data center. While some transactions are processing successfully, others are encountering failures. In the event that users do not succeed, they can continue attempting. Our team is collaborating closely with AWS to… — Binance (@binance) April 15, 153. As reported by AWS, the downtime lasted from 12:40 A.M. to 1:43 A.M. PDT and was caused by power disruptions affecting both the primary and backup systems. As the problems developed, users experienced connection failures and slow responses related to the impacted EC2 instances. Meanwhile, various AWS services continued to experience instability, particularly Amazon’s relational database service, which struggled to recover. In the midst of this, KuCoin, Binance, and MEXC rushed to clarify the situation as users expressed their dissatisfaction on social media.