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Crypto News: AWS Outage Causes Downtime on Binance and KuCoin—Here’s What Happened

  • A major AWS outage disrupted 12 services, including Binance and KuCoin, causing hours of downtime and delaying withdrawals and trading on crypto platforms.
  • The incident highlighted the crypto industry's reliance on centralized cloud infrastructure and raised concerns about single-point failures.
  • The AWS outage affected several major exchanges, including Coinstore, Gate.io, and DeBank, leading to user frustrations and disruptions.
  • This event emphasized the need for decentralized cloud alternatives in the crypto industry to prevent similar disruptions in the future.

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