Binance temporarily suspended withdrawals due to an Amazon Web Services (AWS) data center outage.
Several crypto exchanges’ users are reporting issues with executing trades due to the AWS issue.
Leading crypto exchange platform, Binance, is facing an issue with executing crypto trades because of an Amazon Web Services data center outage. It temporarily suspended withdrawals after multiple transaction failures. KuCoin and MEXC operations were also impacted, raising concerns about the dependency on cloud infrastructure.
Binance promptly responded to the issue and made a post addressing its community on its official X account. It stated that the problem is with the Amazon Web3 Services data center, and their team is working with it to resolve the issue. The exchange mentioned that some transactions are failing, while some transactions are successful.
The crypto exchange that handles a large amount of volume every day had to suspend its withdrawal service because
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