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Amazon Web Services Outage Disrupts Binance, KuCoin Withdrawals: Trading Disruptions Continue
Cryptocurrency exchanges Binance and KuCoin temporarily halted withdrawals yesterday (Monday) following a reported disruption at Amazon Web Services (AWS), their cloud service provider, Coindesk reported.Binance acknowledged the issue in a post on X. “We are aware of an issue impacting some services on the #Binance platform due to a temporary network interruption in the AWS data center,” the exchange wrote. It added that while some user orders were going through, others were failing. Users were advised to retry failed transactions.Crypto Platforms Affected by AWS OutageBinance resumed withdrawals a little over five minutes after reporting the incident. However, users continued to report problems with placing trades on both Binance and KuCoin, according to several X posts.Other platforms were also affected. Rabby, a crypto wallet, and DeBank, a blockchain analytics tool, each posted on X that their services were temporarily unavailable.BREAKING: @binance suspends withdrawals as network issues at AWS data centers cause order failures. pic.twitter.com/KyFRYahg9j— crypto.news (@cryptodotnews) April 15, 2025Cloud Disruption Causes Widespread Service InterruptionsThe disruption stems from problems at AWS, a major provider of cloud computing services. Many companies use AWS for hosting websites, running applications, or storing data. Outages can affect a wide range of services that depend on this infrastructure.As of the latest updates, services were gradually resuming, but some functionality remained limited. This article was written by Tareq Sikder at www.financemagnates.com.
Cryptocurrency exchanges Binance and KuCoin temporarily halted withdrawals yesterday (Monday) following a reported disruption at Amazon Web Services (AWS), their cloud service provider, Coindesk reported.
Binance acknowledged the issue in a post on X. “We are aware of an issue impacting some services on the #Binance platform due to a temporary network interruption in the AWS data center,” the exchange wrote. It added that while some user orders were going through, others were failing. Users were advised to retry failed transactions.
Crypto Platforms Affected by AWS Outage
Binance resumed withdrawals a little over five minutes after reporting the incident. However, users continued to report problems with placing trades on both Binance and KuCoin, according to several X posts.
Other platforms were also affected. Rabby, a crypto wallet, and DeBank, a blockchain analytics tool, each posted on X that their services were temporarily unavailable.
BREAKING: @binance suspends withdrawals as network issues at AWS data centers cause order failures. pic.twitter.com/KyFRYahg9j— crypto.news (@cryptodotnews) April 15, 2025
Cloud Disruption Causes Widespread Service Interruptions
The disruption stems from problems at AWS, a major provider of cloud computing services. Many companies use AWS for hosting websites, running applications, or storing data. Outages can affect a wide range of services that depend on this infrastructure.
As of the latest updates, services were gradually resuming, but some functionality remained limited. This article was written by Tareq Sikder at www.financemagnates.com.
