Binance Grapples with Service Disruptions Amid AWS Data Center Outage
Binance, the world’s leading cryptocurrency exchange by trading volume, faced significant service disruptions today following an outage at an Amazon Web Services (AWS) data center. The incident led to transaction failures and forced Binance to temporarily suspend withdrawals, highlighting the vulnerabilities of centralized crypto platforms reliant on cloud infrastructure. This event has reignited discussions about the fragility of even the most prominent players in the cryptocurrency space. Binance promptly acknowledged the issue, but the disruption underscores the risks associated with dependence on third-party cloud services. As of April 16, 2025, the exchange is working to restore full functionality while users and industry observers weigh the implications of such outages on the broader crypto ecosystem.
Binance Faces Service Disruptions Due to AWS Data Center Outage
Binance, the world’s largest crypto exchange by trading volume, experienced service disruption today after an Amazon Web Service (AWS) data center outage caused transaction failures and forced it to halt withdrawals temporarily. The incident reignited concerns about the dependency on cloud infrastructure by centralized crypto platforms and the fragility of even the largest players in the crypto space. Binance first acknowledged the issue in a post, explaining that a “temporary network interruption in the AWS data center” was causing inconsistent order execution. While some trades went through successfully, others failed, prompting the exchange to suspend withdrawals as a precaution temporarily. However, a short while later, the company reported that services had begun recovering.
Massive Crypto Breach: Crypto User Data Listed for Sale on Dark Web
A large database containing sensitive personal information of over 18 million US crypto users has been listed for sale on the Dark Web. The data, sourced from more than 20 major cryptocurrency exchanges and platforms, including Binance US, is being sold for $10,000. The information exposed includes full names, email addresses, phone numbers, and physical addresses, potentially putting millions of users at risk of identity theft and other cybercrimes. The leak was reported by Dark Web Informer on April 15, sparking concerns regarding the security of cryptocurrency users in the US.
PEPE Price Potentially Ready for 20% Rally
63.02% of top traders on Binance are going long on PEPE, and $5.17 million worth of PEPE outflow from exchanges has been recorded. Despite uncertain market sentiment, Pepe [PEPE], the third-largest memecoin, appears bullish and ready for an upward move. This Optimism stems from its strong price action and consistent support from on-chain metrics. At press time, PEPE was trading near $0.00000745 and had gained 1.20% in the past 24 hours. However, due to ongoing consolidation, trading volume has dropped by 15% within the same period.
Binance Adds ZCash (ZEC) to Delisting Vote
Binance has added ZCash (ZEC) to another round of ‘Vote to delist’, angering crypto privacy supporters. This potential delisting has raised concerns about Binance’s attitude towards confidential coins. ZEC has faced delistings before and has been included in previous rounds for delisting, drawing in fake votes. However, the coin still survives and is present on Binance. The project’s founder, @zooko, has protested against the potential delisting. Currently, Binance has delisted most privacy coins or requires users to de-anonymize their deposits for trading.
3 Meme Coins to Watch After Bitcoin Whale Moves $84M From Exchange
A Bitcoin whale has withdrawn 1K BTC, worth over $84M, from the largest crypto exchange by trading volume, according to Whale Alert. This move usually signals that whales believe BTC is going up and move funds to cold storage for security. Crypto analyst Rekt Capital says BTC has broken out of a downtrend. Historically, when BTC leads, altcoins could follow. Here are three meme coins to watch if BTC breaks out.
Whispers of Insider Selling in Mantra DAO as OM Token Value Plummets
The cryptocurrency project Mantra is facing suspicion after its OM token lost 90% of its value in a single day, erasing over $5 billion in market value. Blockchain data revealed that Mantra DAO transferred $26.95 million of OM tokens to a Binance wallet shortly after the price drop, raising concerns about potential insider selling. Detractors note that the Mantra team owns around 90% of all OM tokens, fueling accusations.
