Binance, KuCoin & Other Crypto Firms Face Service Disruptions Due to AWS Outage

Several major cryptocurrency platforms including Binance and KuCoin experienced temporary service outages. The cause of these disruptions stemmed from an issue with Amazon Web Services (AWS), a cloud infrastructure provider. These outages impacted withdrawal functionality and trading activity across multiple exchanges. While Binance resolved the situation, users are reporting continued difficulties on KuCoin as they encounter intermittent issues with transactions. The impact went beyond centralized platforms, as cryptocurrency wallet providers Rabby and DeBank also experienced service disruptions due to the same AWS outage. The widespread nature of this disruption highlights the reliance on centralized infrastructure within the crypto industry for decentralized financial applications and operations.