Binance and KuCoin traders panic as Amazon Web Service outage halts Crypto withdrawals
- An AWS technical failure temporarily froze operations at Binance and KuCoin on Monday, alarming traders and halting crypto withdrawals globally.
- The outage emphasizes centralized crypto platforms’ vulnerability to the risk of third-party cloud service disruptions—raising systemic stability concerns.
- Amid the brief service disruption, crypto markets remained stable, with Bitcoin price consolidating above $83,000 and no reported fund losses.
Binance, KuCoin resume trading services after brief AWS outage
On Monday, a technical outage from Amazon Web Services (AWS) temporarily halted operations at top cryptocurrency exchanges, including Binance and KuCoin. The outage disrupted withdrawals and trading services, sparking major concerns…
