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AWS Virginia Cooling Failure Knocks Coinbase Offline for Hours

The localized AWS fault showed how trouble in one cloud zone can stall major trading platforms that rely on it.

Overview

  • Amazon Web Services said increased temperatures in one North Virginia data center degraded hardware and caused service problems across its US-EAST-1 region.
  • AWS reported a related power loss at the site, shifted traffic away from the affected Availability Zone, and said cooling systems were recovering with early signs of improvement.
  • Coinbase Exchange linked a multi-hour outage to the AWS incident, told users funds were safe, and warned of degraded performance and failed access during the disruption.
  • To manage risk, Coinbase put all markets into Cancel Only mode, which let customers cancel open orders but blocked new trades until systems stabilized.
  • CME Group reported technical and latency issues around the same time, later saying users could log in again, while the episode renewed scrutiny of single-cloud dependencies across finance and crypto.