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Binance founder identifies who are behind DDoS attacks and blames them

Posted on November 3, 2022 by admin

Binance founder identifies who are behind DDoS attacks and blames them

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Answer Binance founder identifies who are behind DDoS attacks and blames them

Binance, one of the largest cryptocurrency exchanges by trading volume, was hit by a DDoS attack early yesterday.

to tell Changpeng Zhao, founder and CEO of Binance, said that competitors are behind the recent attack on Binance and blamed them, noting that this pattern of behavior is well known to those behind it, and stated yesterday:

Earlier, our Chinese domains experienced targeted DDoS attacks, and users experienced some delays and interruptions in accessing the platform.

Based on the attack pattern, it seems to be the work of our competitors, not to worry, the systems are good and the money is SAFU.

Earlier today, our Chinese domains were hit by targeted DDoS attacks, and users experienced some delays and interruptions in accessing the network.

Read:Canadian Basketball League to Pay Players in Bitcoin

Based on the attack pattern, it looks like a job by our competitors who see themselves.

Do not worry. The systems are good. money #Row.

– CZ Binance 🔶🔶🔶 (cz_binance) April 29, 2020

“CZ” added, explaining that the Binance platform has hackers working for it to ensure that the platform remains on the Internet.

pointed out:

Of course we do, we also have competitors testing us, because everyone works on Binance.

Of course we do. We also have “competitors” who look at themselves and test us. Everyone is working on Binance.

– CZ Binance 🔶🔶🔶 (cz_binance) April 29, 2020

Binance is not the only platform that has been subjected to DDoS attacks, as a number of other platforms have also previously been subjected to the same attack, including BitMEX, which was affected by the attack on March 12, which coincided with the day when Bitcoin fell to a record level in 2020.

Read:Metaverse Arena Growth: SAND Daily Transaction Volume Reaches $3 Billion

Some analysts and commentators said BitMEX’s plunge made the crash more visible, while BitMEX platform management said the attack was designed to achieve maximum impact.

In February, OKEx and Bitfinex suffered simultaneous DDoS attacks.

At the time, Paolo Arduetto, director of the technical office at Bitfinex, said:

We’ve seen a level of sophistication which means there’s a deep setup of the attacker.

The good news: This set of attacks will no longer work against Bitfinex.

But it looks like someone running the cryptocurrency exchange hasn’t stopped yet, which CZ told CZ.

Read also:

After the latest DDoS attack… BitMEX compensates users for their losses

Travelex Pays $2.3 Million in Bitcoin After Ransomware Attack


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