Binance And KuCoin Hit By Major Outage At Amazon Data Centers

The two giants of the crypto exchange industry, Binance and KuCoin, are facing significant service interruptions, disrupting the operations of millions of users worldwide.

An Amazon Web Services Outage Hits Binance and KuCoin

Binance, the world leader of crypto exchange platforms, had to temporarily suspend withdrawals on Tuesday following a major outage at the Amazon Web Services (AWS) data center.

The platform quickly informed its users via a message on X (formerly Twitter), specifying that this interruption partially affected their services.

The outage manifested as some trading orders failing, although others continued to execute normally.

Faced with this situation, Binance decided to suspend all withdrawals “as a safety measure,” thus limiting the potential risks to users’ funds during this period of instability.

This technical failure occurs at a particular time, as Binance had already scheduled maintenance of its wallet on the BNB Smart Chain for April 17. During this planned maintenance, deposits and withdrawals on this network will be temporarily suspended, although transactions for BNB tokens will remain possible.

A Crisis Extending to Other Major Players

KuCoin, another significant exchange platform in the crypto ecosystem, also reported disruptions related to the same AWS issue.

In a statement posted on X, KuCoin confirmed experiencing “temporary disruptions” due to what they describe as a “major network outage of AWS services.”

KuCoin’s technical team immediately got to work to resolve these issues while reassuring their users about the safety of their assets and the integrity of their data during this troubled period.

At the time of publication, Binance indicated that “all services were beginning to recover“, also mentioning that withdrawals had reopened. Both platforms continue to closely monitor the situation to ensure a return to normal operations.

This incident highlights the growing dependence of the crypto sector on major cloud infrastructure providers like AWS and underscores the technical challenges faced by these exchanges that handle billions of dollars in transactions daily.

Meanwhile, bitcoin strengthens 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.