Binance & KuCoin Hit by AWS Outage
An AWS data center outage causes Binance and KuCoin to go offline. Binance halts withdrawals to protect funds.
- AWS outage disrupts Binance and KuCoin services globally.
- Binance suspends withdrawals as a precautionary measure.
- Crypto users urged to stay calm and await further updates.
Major Crypto Platforms Affected by AWS Failure
In a sudden and widespread disruption, both Binance and KuCoin experienced service outages today due to an Amazon Web Services (AWS) data center failure. The outage, which affected parts of AWS’s cloud infrastructure, brought key crypto exchange operations to a halt.
Binance, the world’s largest cryptocurrency exchange, immediately paused all withdrawals, citing user fund safety as the top priority. KuCoin also reported backend connectivity issues and temporary downtime across several services.
This incident highlights the crypto industry’s reliance on cloud service providers like AWS. As exchanges increasingly rely on cloud computing for scalability and speed, the risks of centralized infrastructure become more apparent during such technical failures.
Binance Pauses Withdrawals for Safety
To avoid any risk of lost transactions or wallet inconsistencies, Binance issued an official statement saying withdrawals have been temporarily suspended. The platform reassured users that funds remain safe and that operations will resume once AWS services are fully restored.
KuCoin echoed similar sentiments, asking users to remain patient while engineers work on restoring platform stability.
While such interruptions are rare, they underline the importance of having backup systems and contingency plans for centralized exchanges during infrastructure outages.
Community Reaction and What’s Next
The crypto community reacted quickly, with #BinanceDown and #KuCoin trending on social media platforms. While some expressed frustration, others praised Binance’s proactive move to protect user assets.
As AWS works to resolve the data center issue, both exchanges are expected to restore normal operations shortly. Users are advised not to panic and wait for official updates through the exchanges’ verified channels.
