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Crypto News: AWS Outage Causes Downttime on Binance and KuCoin—Here’s What Happened
A recent incident has exposed the dark underbelly of crypto infrastructure, highlighting the critical importance of decentralized cloud alternatives. A sudden outage at Amazon Web Services (AWS), a leading cloud provider, brought numerous cryptocurrency exchanges to their knees. This included Binance and KuCoin, two prominent platforms that rely heavily on AWS.
The unforeseen downtime lasted for several hours, leaving users in limbo and sparking concerns over the industry’s over-reliance on centralized infrastructure. While AWS eventually confirmed that the issue was resolved, the fallout has left many wondering if it’s time to reassess the status quo.
As a ripple effect of this event, many have taken to social media platforms to express their discontent with the current situation. Some have even called for a shift towards more decentralized and self-sufficient alternatives to maintain the integrity of cryptocurrency transactions.
This unforeseen incident served as a wake-up call for the entire crypto community, underscoring the importance of creating infrastructure that is not reliant on single points of failure like AWS.
Source: https://www.crypto-news-flash.com/crypto-news-aws-outage-downtime-binance/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-news-aws-outage-downtime-binance
