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AWS Temporary Outage – Binance Suspends Transactions

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AWS Tokyo services faced a temporary outage due to the overheating of part of chassis in the machine room on Friday. The recovery of AWS services in Tokyo is already in progress but not fully resolved yet. This had caused a price instability at some cryptocurrency exchanges in many of the Asian countries. 

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Correspondingly, Binance, a cryptocurrency exchange, has suspended the withdrawals and deposits on their platform. It is because it was causing 500 error messages and affecting some withdrawal process. Binance CEO Changpeng “CZ” Zhao states that the trading function is not affected. KuCoin also has stopped its services temporarily.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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