A major AWS outage on April 15 affected centralized crypto exchanges (CEXs) like Binance, Kucoin, and MEXC. Binance and Kucoin had to temporarily stop withdrawals due to technical issues with their cloud service provider, Amazon Web Services (AWS).
Binance assured users that they were working closely with AWS to resolve the issue as quickly as possible. They later announced that most services were coming back online and that withdrawals were open again. However, users still experienced trading problems on both Binance and Kucoin, and the system was recovering slowly. The team was monitoring the situation to ensure smooth operations.
MEXC also reported service interruptions. Users faced issues like abnormal candlestick charts, failed order cancellations, and asset transfer delays. However, the exchange assured users that their funds were safe, and there was no effect on Futures trading. MEXC also announced that a compensation plan would be prepared for affected users who incurred losses due to the platform-related issue.
The AWS outage also affected other crypto platforms such as Coinstore, Gate.io, and DeBank. Crypto tools Rabby Wallet and DeBank were also down, preventing users from accessing their services. Both teams reassured users that their assets were safe and that they were actively working to restore access once AWS resolved the issue.
The AWS outage highlighted the vulnerability of centralized crypto exchanges that rely on a single cloud infrastructure provider. Exchanges like Coinbase, Crypto.com, Huobi, BitMEX, and Kraken use AWS, and this disruption showed how a single failure can impact multiple platforms. Bitget CEO Gracy Chen suggested considering decentralized cloud services as an alternative.
In summary, the AWS outage caused connectivity issues for major crypto exchanges, leading to temporary withdrawal halts and trading problems. The disruption affected several platforms and highlighted the risks of relying on a single cloud infrastructure provider.
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