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Bitfinex targeted by DDoS attack, hours after OKEx

Akash Girimath

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Source: Unsplash

Bitfinex has just announced that it is investigating what seems to be a DDoS attack. The apparent DDoS [Distributed Denial of Service] attack on Bitfinex comes 24 hours after OKEx faced the same kind of attack. This could perhaps be the first attempt to compromise exchanges in 2020.

The same was announced by Bitfinex in a tweet which said,

 

The exchange’s status page, at the time of writing, showed that the exchange was down and that trading had been halted. The attack on Bitfinex comes hours after OKEx, a Malta-based cryptocurrency exchange, was also targeted by a DDoS attack.

Such an attack contributed to some staggering claims emerging from the likes of Jay Hao, CEO of OKEx, who on Weibo claimed that the perpetrator is one of OKEx’s competitors who “could not compete with OKEx’s competitive products and technologies.”

In fact, Hao went on to offer a bounty as well, tweeting,

He went on to add that the OKEx team “is on duty 24 hours a day and completed the anti-D traffic switching in minutes.”  The following image posted by Hao shows a spike in traffic.

Source: Weibo

Hao also clarified in the comment section that the attack will have “little impact” on the trading platform.

At press time, Bitfinex had released a press statement which stated,

AMBCrypto was also able to get a statement from OKEx. When asked whether these are coordinated exchanges on exchanges, the exchange said,

“Well, we wouldn’t say it is a coordinated attack. However, we did experience a DDoS attack last night, in fact today as well. However, with our 24/7 technical support and monitoring, it was properly handled within a short period of time and no overseas client was impacted.” 

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Akash is a full-time cryptocurrency writer and an analyst at AMBCrypto. He is an engineering graduate with an avid interest in finance and economics. Attracted to the chaos of trading, Akash has invested in BTC, ETH and XRP for educational purposes.

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