Major cryptocurrency exchange platforms, Binance and KuCoin, faced significant service disruptions today due to a widespread outage affecting Amazon Web Services (AWS). The incident disrupted operations for both exchanges globally. Binance halted withdrawals as a precaution, prioritizing user fund safety while awaiting full restoration of AWS services. KuCoin also reported backend connectivity issues and temporary downtime across various platforms. This event emphasizes the industry’s reliance on cloud providers like AWS, underscoring the need for robust contingency plans during such technical failures. Binance’s proactive measure to pause withdrawals aimed to prevent potential transaction losses or wallet inconsistencies. The platform reassured users that funds remain secure and operations will resume once AWS services are fully restored. KuCoin echoed similar sentiments, urging patience while engineers work on restoring platform stability. While these interruptions are rare in the crypto industry, they highlight the importance of having backup systems for centralized exchanges during infrastructure outages. The incident triggered swift community reactions on social media platforms with #BinanceDown and #KuCoin trending. Users expressed mixed emotions but lauded Binance’s proactive measure to safeguard user assets. Both exchanges are expected to resume normal operations soon as AWS works to resolve the data center issue. It is advised that users not panic and await official updates from verified channels of Binance and KuCoin.