The two giants of the Crypto, Binance and Kucoin exchange giants, face significant service interruptions, disturbing the operations of millions of users worldwide.
A Amazon Web Services breakdown strikes Binance and Kucoin
Binance, the world leader in Crypto exchange platforms, had to temporarily suspend withdrawals on Tuesday following a major breakdown in the Amazon Web Services (AWS) data center.
The platform quickly informed its users via a message on X (formerly Twitter), stating that this interruption partially affected their services.
The failure was manifested by the failure of certain trading orders, although others continued to execute normally.
Faced with this situation, Binance made the decision to suspend all the withdrawals “as security measures”, thus limiting the potential risks for user funds during this period of instability.
This technical failure occurs at a particular time, since Binance had already scheduled maintenance of his portfolio on the BNB Smart Chain for April 17. During this planned maintenance, deposits and withdrawals on this network will be temporarily suspended, although BNB tokens transactions will remain possible.
A crisis that extends to other major players
Kucoin, another important exchange platform in the crypto ecosystem, also reported disturbances linked to the same AWS problem.
In a press release Published on X, Kucoin confirmed undergoing “temporary disturbances” due to what they call “major network of AWS services”.
The Kucoin technical team immediately got to work to resolve these dysfunctions, while reassuring their users on the security of their assets and the integrity of their data during this troubled period.
At the time of publication, Binance said that “ All services were starting to recover Also mentioning that withdrawals had reopened. The two platforms continue to closely monitor the situation to guarantee a return to normal from their operations.
This incident highlights the growing dependence of the crypto sector towards major cloud infrastructure suppliers like AWS, and recalls the technical challenges faced by these exchange platforms that manage billions of dollars daily.
Meanwhile, Bitcoin is strengthening its legitimacy with nearly 700,000 BTC ($ 57 billion) now held by 79 major companies, illustrating the growing maturity of the ecosystem despite its infrastructural vulnerabilities.
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