Binance, KuCoin face interruptions due to ‘large-scale outage’ in Amazon’s data center

Binance cryptocurrency exchange, Kucoin alerted users to temporary interruptions that can lead to partial execution of negotiation orders.

BinanceOne of the largest cryptocurrency exchanges in the world, said that it had temporarily interrupted withdrawals due to technical problems related to its cloud service provider. In A post X On Tuesday, the trading platform said it was “aware of an impact on certain services on the Binance platform due to a temporary network interruption in the AWS data center”.

The company has suggested that the failure may not affect all users, as interruption can only affect trading activity for certain users. “Some orders still succeed, but some fail. If users have failed, they can continue to try again,” said the exchange.

While the nature of the breakdown has not been disclosed, Binance said that his team was working with Amazon Web services to solve the problem. To limit the risks during the breakdown, the exchange said that he had decided to suspend withdrawals “to stay safe”.

It is not clear how many users are affected. At the time of the press, Binance said That “all services are starting to recover and resume”, adding that withdrawals “have also reopened”.

“We will continue to monitor to ensure that all operations are going well. Thank you for your patience and understanding. ”

Binance

Another crypto exchange Kucoin Taken X to say that he is also undergoing disturbances due to the same AWS problem. In a notice For users, Kucoin said that because of a “large-scale network breakdown with AWS Services, our platform is currently experiencing temporary disturbances”. The exchange added that his technical team “works on a fix”, reassuring users that their assets “remain secure and that all data are intact”.