AWS Outage Disrupts Crypto Giants: Binance, KuCoin Go Dark
A major outage at Amazon Web Services (AWS) triggered widespread disruptions across leading cryptocurrency exchanges and wallet providers.
Users of Binance and KuCoin, along with MEXC and several other platforms, began facing system problems on Monday morning, including order failures, delayed transactions, and broken charts. The culprit? The main AWS data center network breakdown led to connection problems that harmed 12 AWS services. AWS said in an April 15 update:
“We are seeing initial signs of recovery but continue to monitor and work toward full recovery. Other AWS services are also impacted by this issue, and are also observing recovery. We will provide another update within the next 30-60 minutes.”
Binance First to Report Issues Amid AWS Outage
Binance leads all crypto exchanges with trading volume and reported the problem first. A portion of active orders worked fine but others stopped functioning. The exchange provided this information to users on X (formerly Twitter).
A company representative verified that all platform features, especially withdrawal access, had returned online thanks to AWS technical help. Additional exchanges such as KuCoin, MEXC, Gate.io, Coinstore, Weex, Rabby Wallet, and others documented their failed functions.
On MEXC platform, users had to stay aware of broken candlestick charts and failed order cancellations yet their assets remained secure. At 1:50 PM UTC, all affected platforms returned to normal operations except DeBank, which still worked to restore its services.
The crypto industry now faces an important issue because many users depend too heavily on cloud services from AWS. Even though blockchain advocates stand for decentralized principles, their technology infrastructure relies on single points of failure.
AWS Outage Renews Call for Decentralization
Amazon Web Services experienced an outage that made most cryptocurrency companies stop working. Edmund Chua from mETH Protocol takes aim at the idea of decentralization through his tweet, representing shared crypto space concerns.
Gracy Chen as CEO of Bitget made efforts to bring rationality back to volatile conditions. The outage served to underline the necessity for blockchain users to select self-managed decentralized cloud systems instead of creating panic, according to her message.
Some companies like Filecoin and Akash Network, along with Render Network, provide distributed systems that help defend against vulnerable centralization.
This latest service disruption has restarted the conversation about whether future crypto setups should depend so intensely on single entity providers. When Web3 ventures fully develop, they will have to replace centralized infrastructure with decentralized solutions because it becomes vital for their operations.
