Hackers and hackers are waiting for any opportunity to pounce on the trading platforms and look for any suitable loophole to steal the users’ money.

The BitMEX platform for trading Bitcoin and its derivatives recently issued a statement and clarification when the price of Bitcoin reached $3,600 on its platform, and the reasons for stopping it after the previous explanation was that there was a hardware failure, which we referred to in a previous topic on the Arab Bitcoin website.

The company explained in a recent post that the platform was attacked.

According for publicationthe incident is two DDoS attacks, with only a few hours between them.

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BitMEX says the attacks specifically delayed many customer requests, and completely blocked some requests.

BitMEX also said that it detected the first DDoS attack, launched by the botnet on March 13th, at 02:16 UTC i.e. the time of the crash.

The attack targeted and completely took over the CPU of the platform, causing the system to fail.

BitMEX said it initially misdiagnosed the problem, assumed the problem was from a disk failure, and concluded that the problem was a failure of its cloud service provider at the time.

10 hours later, at 12:56 UTC, a second attack from the same bots occurred.

The platform says that its traffic filtering systems blocked traffic, stopping the attack and its backlog.

BitMEX has admitted that 156 accounts have been hacked, and an issue with orders for the ETHUSD trading pair has emerged.

The platform then compensated users affected by the system glitch with 40 bitcoins after this attack.

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Last month, XRP traders on BitMEX got angry when the coin fell from $0.32 to $0.14, within a single candle:

BitMEX officially responds to the sudden drop in the price of the Ripple currency on its platform

Read also:

History of DDoS Attacks on Exchanges and the Impact on Bitcoin Price