Overview

Crypto exchanges Binance and KuCoin temporarily halted withdrawals due to disruptions linked to their data center provider, Amazon Web Services (AWS).

Key Points:

• Binance resumed withdrawals a little over five minutes after the initial reports, but users are encountering ongoing trade issues.
• Other services like Rabby and DeBank also reported outages associated with the AWS disruptions.

Binance’s statement on the issue:

“We are aware of an issue impacting some services on the #Binance platform due to a temporary network interruption in the AWS data center. Some orders are still successful, but some are failing. If users failed, they may keep retrying.”

Users have noticed that although some orders go through, many are unsuccessful. As of now, trading on both platforms continues to face challenges, as confirmed by several posts on X.

AWS provides crucial cloud computing services that many companies depend on for storage, data, and applications—an outage could significantly affect operations across multiple sectors.