Major cryptocurrency exchanges, including Binance, KuCoin, and MEXC, have reported disruptions in their services. The disruptions have been credited to a significant network interruption by Amazon Web Services (AWS).
Centralized cryptocurrency exchanges (CEXs) have been impacted by an outage at an AWS data center, which cited “connectivity issues” as the cause. This disruption affected at least 12 of its services on April 15.
Although AWS has shown initial signs of recovery, it continues to monitor and work towards full restoration. Other services of AWS have also been affected by this issue.
Binance was one of the first to acknowledge the issue with its services. On April 15, Binance announced that some of its services were impacted due to a temporary network interruption in the AWS data center. The service disruption led to failures in some orders, but users were advised to keep retrying. Binance has since managed to restore its services, including user withdrawals.
Other large exchanges like KuCoin and MEXC have also reported disruptions in their services. MEXC users were alerted about “abnormal candlestick charts, failed order cancellations,” and delays in asset transfers. Despite the interruptions, the exchange assured users that their assets remain fully safe.
AWS provides cloud infrastructure to centralized exchanges, enabling them to manage high transaction volumes with low trading order latency. Several top crypto exchanges rely on AWS, including Coinbase, Crypto.com, Huobi, BitMEX, and Kraken.
The outage at AWS underscores the vulnerability of centralized infrastructure providers, which could have a domino effect due to a single point of failure. More information will be provided as this story develops.
