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AWS Outage Disrupts Major Exchanges Like Binance, Kucoin, MEXC and More
A major outage occurred at Amazon Web Services (AWS) on April 15, resulting in significant disruptions to a range of services, including major crypto exchanges like Binance, Kucoin, and MEXC. As a result, these exchanges were forced to temporarily halt their withdrawals and trading operations.
The outage caused connectivity issues with at least 12 AWS services, leading to widespread problems for the affected companies. In a statement on Twitter, Binance announced that they had identified an issue impacting some of their platform’s functionality due to a temporary network interruption in the AWS data center. They assured users that their team was working closely with AWS to resolve the issue as quickly as possible.
However, despite reassurances from both exchanges, traders were still facing difficulties trading on both Binance and Kucoin. The exchanges noted that some features may take time to fully recover, as they continue to monitor and work towards a full recovery.
Other major exchanges like MEXC also reported service interruptions, with users experiencing issues such as abnormal candlestick charts, failed order cancellations, and delays in asset transfers for spot trading. Despite these challenges, the exchange reassured its community that funds were safe, and their Futures trading services remained unaffected. Additionally, they stated that a compensation plan will be prepared to reimburse affected users who have incurred losses due to the platform-related issue.
It is worth noting that at least eight cryptocurrency platforms were impacted by this AWS outage, including Coinstore, Gate.io, and DeBank. Both Rabby Wallet and DeBank were also unavailable, leaving users unable to access their services. In both cases, the teams assured users that assets remain safe and they are actively working on restoring access as soon as possible.
In a recent update from AWS, officials indicated initial signs of recovery but emphasized that full restoration may take some time. They promised to provide another update within the next 30-60 minutes, noting that other affected services are also monitoring this issue closely.
The significance of this outage cannot be overstated. As AWS is one of the largest and most widely used cloud computing platforms in the world, the ripple effects on a global scale could be devastating.
Source: https://coinpedia.org/news/aws-outage-disrupts-major-exchanges-like-binance-kucoin-mexc-and-more/
