Over 2,000 AWS-related outage reports recorded by Downdetector mid-morning US time.
In April, Binance and KuCoin temporarily halted withdrawals due to an AWS disruption affecting platform access.
Amazon AWS has grown 20% from last year and has investors excited (Amazon).
A disruption at Amazon Web Services today (Monday)
temporarily affected major platforms including Robinhood and Coinbase, along
with Snapchat, Perplexity AI, and Amazon’s own services, according to outage
tracker Downdetector.
By mid-morning in the United States, Downdetector recorded
more than 2,000 reports of AWS-related outages. Users cited difficulties
accessing financial platforms, websites, streaming services, and mobile apps.
Robinhood and Coinbase, both reliant on AWS servers for data
and transaction processing, reported temporary slowdowns. The outage limited
access for users attempting to trade or view account information.
We're aware many users are currently unable to access Coinbase due to an AWS outage.
Our team is working on the issue and we'll provide updates here. All funds are safe.
The outage affected multiple industries, including finance,
gaming, and media, with platforms such as Venmo, Canva, Roblox, and The New
York Times experiencing interruptions.
Many services began to recover later in the day, though some
users continued reporting access problems.
AWS Outage Highlights Payroll System Risks
The recent AWS outage has raised concerns over the impact on
critical business operations, particularly payroll systems.
"The ongoing outage affecting key Amazon Web Services
is a powerful reminder of just how dependent the modern world has become on a
small number of digital platforms,” Melanie Pizzey, CEO of the Global Payroll
Alliance, commented on the outage:
“While the public tends to focus on visible disruptions, the
hidden threat lies much deeper, particularly in critical functions like payroll,”
Pizzey added.
A disruption at Amazon Web Services today (Monday)
temporarily affected major platforms including Robinhood and Coinbase, along
with Snapchat, Perplexity AI, and Amazon’s own services, according to outage
tracker Downdetector.
By mid-morning in the United States, Downdetector recorded
more than 2,000 reports of AWS-related outages. Users cited difficulties
accessing financial platforms, websites, streaming services, and mobile apps.
Robinhood and Coinbase, both reliant on AWS servers for data
and transaction processing, reported temporary slowdowns. The outage limited
access for users attempting to trade or view account information.
We're aware many users are currently unable to access Coinbase due to an AWS outage.
Our team is working on the issue and we'll provide updates here. All funds are safe.
The outage affected multiple industries, including finance,
gaming, and media, with platforms such as Venmo, Canva, Roblox, and The New
York Times experiencing interruptions.
Many services began to recover later in the day, though some
users continued reporting access problems.
AWS Outage Highlights Payroll System Risks
The recent AWS outage has raised concerns over the impact on
critical business operations, particularly payroll systems.
"The ongoing outage affecting key Amazon Web Services
is a powerful reminder of just how dependent the modern world has become on a
small number of digital platforms,” Melanie Pizzey, CEO of the Global Payroll
Alliance, commented on the outage:
“While the public tends to focus on visible disruptions, the
hidden threat lies much deeper, particularly in critical functions like payroll,”
Pizzey added.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
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