Due to an issue with an Amazon Web Services (AWS) data center, cryptocurrency exchange Binance claimed it momentarily stopped enabling users to withdraw from the site on Tuesday. Other cryptocurrency exchanges reportedly reported issues.
On X, Binance said that withdrawals had been halted “for safety” before announcing 10 minutes later that they had restarted. According to a Binance representative, withdrawals were halted for around twenty-three minutes.
KuCoin, another cryptocurrency exchange, reported “temporary disruptions” as well.
“The recovery period will be disclosed individually, and our technical staff is working quickly to find a solution. You can be guaranteed that all of your data is safe and undamaged,” KuCoin wrote in a post on X.
According to an email from a KuCoin representative, the disruption was caused by an AWS failure that impacted services throughout the Tokyo data center.
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“Our team is collaborating closely with AWS to quickly restore full functioning, and certain services have already been restored. According to the representative, no user assets or data have been impacted.
In a post, cryptocurrency exchange MEXC stated that users may encounter “abnormal candlestick charts,” “failed order cancellations,” and “delays in asset transfers for spot trading” as a result of AWS interruption.
“We would want to reassure you that your MEXC assets are completely safe. We will create a compensation scheme to fairly compensate impacted users for any damages sustained as a result of this platform-related incident,” MEXC stated.
