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FTX exchange down due to AWS issues; resumes ops ‘for now’

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According to Sam Bankman-Fried of FTX exchange, AWS “crashed,” and temporarily caused some network issues on the platform. However, the CEO quickly responded that the issue also affected other crypto exchanges. Taking to Twitter, he assured users that the exchange was back up online “for now.” According to his latest tweet

 

However, much before Bankman-Fried notified users, some users reported network issues on Twitter, while using the exchange.

According to one Twitter user, “FTX has been down for the last 19 minutes.” The tweet in question was published at 2:38 PM UTC. At the same time, another user quickly commented on Twitter about facing connectivity issues while using FTX.  

Amid a crypto rally, with the top three cryptocurrencies, BTC, ETH and BNB, all breaching new ATHs today, crypto-Twitter community has been talking about which exchange can sustain transactions from their users. Recently the world’s largest exchange by trading volume, Binance temporarily suspended ETH withdrawals only to resume the service in roughly 30 minutes. 

In addition, the CEO of FTX derivatives exchange, which had a 24-hour trading volume of $53,194.82 said

Think the common issue here is the AWS region that FTX and Binance are both in is down. 

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Alisha is a full-time journalist at AMBCrypto. Her interests lie in blockchain technology, crypto-crimes, and market developments in Africa and the United States

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