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Crypto Exchanges OKEx and Bitfinex Endure Simultaneous DDoS Assaults

Cryptocurrency exchanges OKEx and Bitfinex are struggling a number of denial of service assaults. It’s unclear as of now if the assaults are linked, although OKEx CEO blamed rivals on his private Weibo web page.

OKEx first suffered a distributed denial of service (DDoS) assault on Feb. 27 at roughly 11:30 AM EST. CEO Jay Hao posted on his private Weibo web page because the assault was unfolding, blaming unnamed rivals within the assault. The assault routed as a lot as 200 gigabytes per second of site visitors, which put pressure on OKEx methods.

At roughly 4:30 AM EST on Feb. 28, the denial of service assaults resumed. This time Bitfinex was hit as nicely, as announced by the alternate’s Twitter account.

The Bitfinex status page exhibits that the assault lasted for an hour till 5:30 AM, severely crippling the alternate’s exercise throughout that interval as throughput fell near zero.

In the identical timeframe, OKEx was attacked once more with one other DDoS assault, as tweeted by Hao. The brand new denial assault reportedly routed 400 gigabytes per second of site visitors, twice as a lot because the earlier one.

An OKEx consultant informed Cointelegraph that the denials of service have been “correctly dealt with inside a brief time period and no abroad consumer is impacted.”

The assault was performed shortly after “non permanent system upkeep” was completed, which had choices and futures buying and selling disabled through the upkeep interval. The consultant acknowledged that the 2 occasions are fully unrelated.

Bitfinex representatives acknowledged that the staff applied a “stricter safety degree” as regular exercise was resumed.

What could possibly be the perpetrator?

Bitfinex CTO, Paolo Ardoino, revealed in a tweet that the assault was “very refined,” with the staff having “labored onerous to fully annihilate it in a brief time period.”

In a follow-up tweet, he revealed that he was not conscious of the OKEx assaults, however was “ to grasp similarities.” He added:

“We have seen a degree of sophistication which means a deep preparation from the attacker. Excellent news: this household of assaults will not work once more in opposition to Bitfinex.”

Whereas Hao had initially blamed rivals, this was earlier than the following assaults. It’s unclear if they’re linked with one another. Whereas DDoS assaults are extremely disruptive, their brief period is unlikely to change the aggressive panorama between exchanges.


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Thanks !

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