Major cryptocurrency exchanges Binance and KuCoin were forced to halt withdrawals for a short time due to an outage affecting their AWS infrastructure in Tokyo. While no significant price fluctuations were observed, this event underscores the vulnerability of centralized platforms and the growing need for decentralized alternatives. The incident temporarily disrupted transaction processing but service was fully restored within half an hour.** Binance CEO Richard Teng reassured customers that their funds remained secure throughout the interruption. Experts point to the event as a wake-up call, prompting discussions about building more resilient infrastructure within the industry and potentially shifting the market’s landscape towards decentralized exchanges in the long term.