Coinbase, CoinMarketCap And Robinhood Hit By Major AWS Outage
A major Amazon Web Services (AWS) outage today has impacted several crypto apps, including Coinbase, CoinMarketCap, and the digital trading platform Robinhood.
In addition to those apps, users have also reported outages for apps including Canva, Alexa, Snapchat, Robinhood, PrimeVideo, and countless others.
X users have subsequently labeled the AWS outage as one of the biggest in years.
CoinMarketCap, Coinbase, And Others Hit By AWS Outage
Downdetector and ThousandEyes, which are websites that track the performance of internet networks globally, show that the impact of the AWS outage appears to be concentrated in the US. These websites also show that there have been over 2,000 reports of AWS-related outages.
CoinMarketCap, which is a popular platform used to track the prices of crypto, reported earlier today that it is experiencing “a temporary price data issue” due to the AWS outage.
US crypto exchange Coinbase also said that it was aware many users are currently unable to access its platform as a result of the outage, and said that its “team is working on the issue.” The exchange then reassured users that “all funds are safe.”
In the UK, users have reported issues accessing online accounts with Lloyds Bank, Halifax and Bank of Scotland. Meanwhile, some have reported issues when trying to access the government platform HMRC.
AWS Outage Almost Fully Resolved
Amazon has confirmed “increased error rates and latencies” for multiple services on its service dashboard around mid-morning US time. Hours later, Amazon said that the root cause for the downtime “appears to be related to DNS resolution of the DynamoDB API endpoint in US-EAST-1.”
“This issue also affects other AWS Services in the US-EAST-1 Region,” it said, adding, “Global services or features that rely on US-EAST-1 endpoints such as IAM updates and DynamoDB Global tables may also be experiencing issues.”
In its latest update, Amazon said the “underlying DNS issue has been fully mitigated,” and most AWS Service operations are “succeeding normally now.” With services slowly coming back online, AWS said on its status page that it is now working through “a backlog of queued requests.”
Coinbase confirmed on X that the team is “seeing early signs of recovery, with some users being able to access and use Coinbase services now.” Robinhood also said that its services are “back online and recovering.”
CoinMarketCap home page (Source: CoinMarketCap)
Meanwhile, there is still a notification on CoinMarketCap’s home page regarding ongoing “price data issues.”
X Users Criticize Crypto Companies For Over-Reliance
As services slowly start to recover, many X users have criticized the companies that were impacted by the AWS outage for over-exposing themselves to centralization-related risks.
“Thank goodness these websites are just for games and memes, and not dealing people’s actual money or anything,” one user wrote.
“So AWS went down and half of crypto just stopped working,” another user said, before adding, “Decentralization vibes are off the charts today.”
Another user said that the recent AWS outage shows that crypto has “roundtripped back to the same point.”
Related Articles:
About Author
About Author
