Major Crypto Exchanges Crippled by AWS Outage, Fueling Market Volatility

Cryptocurrency exchanges faced significant operational issues this week due to a service disruption affecting Amazon Web Services (AWS). The outage resulted in slowed transactions and increased market volatility globally. Several major platforms reported temporary trading halts as a result of the incident impacting their ability to handle user activity. Experts point out that the disruptions highlight the reliance on cloud services for exchanges, potentially leading to financial losses and eroding user trust. This event underscores the vulnerability of crypto businesses reliant on cloud infrastructure, prompting calls for a move toward decentralized systems.