Several major crypto platforms, including Binance and KuCoin, experienced service interruptions on Tuesday following a network outage at Amazon Web Services (AWS), a key cloud infrastructure provider.

The issue temporarily halted withdrawals on Binance and caused ongoing problems for users trying to place trades on both exchanges. Binance quickly acknowledged the disruption in a post on X, stating that a “temporary network interruption in the AWS data center” was impacting certain platform functions. While some trades were still being processed, others failed, with the exchange advising users to retry their actions.

Binance resumed withdrawals just over five minutes after the problem was first reported, but user reports suggest that transaction issues persisted across both platforms.

The ripple effect extended beyond exchanges. Crypto wallet Rabby and on-chain data platform DeBank also reported full service outages, pointing to a broader impact across the Web3 ecosystem.

AWS provides the cloud backbone for countless digital services, including those in the crypto industry. When AWS experiences downtime, any application relying on its infrastructure—including storage, computing, and real-time data processing—can experience disruptions.

The outage underscores the crypto sector’s reliance on centralized infrastructure, raising questions about resilience and redundancy in decentralized finance platforms.

AWS has yet to release an official update on the nature or duration of the incident.