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.