Update April 15, 9:17 at UTC: This article was updated for information all the time.
Binance, Kucin, MEXC and other suppliers of stock exchanges and wallets have service problems due to a significant interruption of the network via Amazon Web Services (AWS).
Centralized cryptocurrency exchanges (CEXS) were deducted by a failure of the AWS data center, which reported “communication problems” that influenced at least 12 of its services on April 15.
Aws Service Health. Source: Health.aws.amazon
“We see the initial signs of recovery, but we are still monitoring and working on full recovery. Other AWS services also affect this problem, and also observe recovery. We will provide another update in the next 30-60 minutes”, AWS he said In the update of April 15.
Binance was one of the first to report problems with their services.
“We are aware of the problem affecting some services on the #binance platform due to a temporary network break in the AWS data center,” Binance wrote in April 15 x postAdding that “some orders are still effective, but some fail. If users fail, they can continue again.”
Source: Binance
Since then, Binance has restored services, including users’ payments, thanks to quick cooperation with AWS, Binance spokesman, confirmed CointeLgraph.
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Other huge exchanges, including Kucin and MEXC, also reported breaks in services.
“Due to a large -scale network failure with AWS services, our platform currently has temporary interference,” said Kucin in April 15 post.
Source: Mexc
At MEXC, users of the mobile application and internet platform were warned of “incorrect candle charts, unsuccessful cancellation of orders” and delays in the field of resource transfer. However, users’ assets “remain completely safe”, said the stock exchange on April 15 x x post.
At least eight stock exchanges have reported problems related to AWS from 9:30 UTC, including Coinstore, Gate.io, Debank, Rabby Wallet and Weex.
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AWS provides cloud infrastructure for centralized exchanges that can support high volume of low delay transactions in commercial orders. AWS is used by one of the largest cryptographic exchanges, including Coinbase, Crypto.com, Huobi, Bitmex and Kraken.
The impact of AWS failure can be seen as another signal of susceptibility to centralized infrastructure providers, which may suffer cascade effects due to one failure point.
AWS failure The most essential information about decentralized alternatives
The wide impact of disruption of AWS services can emphasize the need for more decentralized alternatives, eliminating individual failure points.
“AWS Down, and 90% of cryptocurrencies have fallen. Decentralization is a meme,” said Edmund Chua, head of the METH protocol, April 15, October 15 post.
Source: Gray Chen
“Problems with the AWS data center have affected several CEX – you don’t have to panic” wrote Gracy Chen, general director of Bitget Exchange, adding that “this is a solid reminder: maybe it’s time to discover decentralized cloud services.”
Decentralized alternatives include Filecoin for storage, a decentralized Akash Marketplace Marketplace network and a decentralized network of graphics processing services.
Additional Helen Partz reports.
https://www.youtube.com/watch?v=kqzhvt77xkw
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