Binance Halts Withdrawals After AWS Network Outage

Cryptocurrency exchange Binance and KuCoin experienced disruption on April 15, 2025, after a network outage at Amazon Web Services (AWS) caused temporary withdrawal suspension. The incident highlights the potential risks of relying on centralized cloud services in cryptocurrency markets. While Binance and KuCoin temporarily suspended withdrawals following the AWS issue, users’ assets remained secure, according to the exchanges. Both platforms experienced temporary order failures but no significant market impact or financial losses were reported. ]