Wednesday, May 5, 2021

DDoS Attack Hits OKEx and Bitfinex Exchanges

According to recent reports, the distributed denial-of-service (DDoS) attack has hit both OKEx and Bitfinex exchanges within the same interval.

Moments ago, Bitfinex exchange took to Twitter to report an ongoing investigation about what seems like a distributed denial-of-service (DDoS) attack on its trading website.

In the tweet, the exchange assured its users of the latest development as things unfold.

Bitfinex wrote, “We are investigating what seems like a distributed denial-of-service (DDoS) attack. We will keep everyone updated on here and our status page as we know more.”

OKEx Reports Similar Attack

A few minutes after Bitfinex reported the DDoS attack, the CEO of OKEx Jay Hao reported that a similar attack hit the exchange some hours ago, adding that another DDoS attack has just being noticed on the site.

Jay Hao promised that the exchange is well-prepared to deal with the double DDoS attacks. He reassured that the users of the exchange and their funds are safe.

Jay Hao shared this, “We’ve detected a planned DDOS attack to our site, 200G yesterday & 400G just now. A message to OKEx users & communities: Be assured, OKEx is well-prepared to deal with these attacks, we have and will always protect our users no matter what.”

What is a Distributed Denial-of-Service (DDoS) Attack?

A distributed denial-of-service (DDoS) attack is a malicious attempt to disrupt normal traffic entering a targeted server, service, or network by overwhelming the target with a flood of internet traffic.

A DDoS attack can be effectively carried out with the use of multiple compromised computer systems as sources of attack traffic. Machines that are liable to be exploited include computers and other networked sources such as IoT devices.

In other words, a DDoS attack is like a traffic jam obstructing regular traffic from arriving at its designated destination.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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