Was the recent attack on the OKEx trading platform on the part of its competitors?
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Answer Was the recent attack on the OKEx trading platform on the part of its competitors?
Recently, both the Bitfinex and OKEx exchanges were hit by a malicious distributed denial of service attack (DDoS) exactly at the end of February.
The OKEx platform is under a cyber attack…and the platform is suspended
The DDoS attack was intended to disrupt the platforms’ efficiency in their operations by overburdening their servers with a lot of fake traffic.
Fortunately, both platforms were able to fight back and counter the attacks and were able to return to their normal performance.
The CEO of OKEx now claims that his platform’s competitors were behind the attack, although there is no evidence to suggest this.
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Perhaps that was because OKEx was the first platform to encounter such an attack.
Cryptocurrency exchange OKEx CEO Jay Hao pointed to the event on Twitter saying that the platform is well equipped to deal with such incidents and that all users on the platform will be very well protected from malicious actors, and stated Meaning:
We detected a planned DDOS attack on our website, 200 GB yesterday and 400 GB now.
A message to OKEx users: Rest assured, OKEx is well prepared to deal with these attacks, our users’ protection is always first no matter what.
It didn’t take long for rival crypto exchange Bitfinex to announce that they too faced a similar attack.
Bitfinex Director of Technology Paolo Arduino explained that despite the intelligence of the attack, the team at the platform was able to completely destroy the malicious work while also maintaining the safety of users.
After the attack happened, the CEO of OKEx launched a bounty for finding whoever ordered it.
Yall said:
My message to any team that got paid to do this, if you are willing to cooperate with the OKEx team and expose the malicious buyer of a DDOS attack with evidence, I will personally pay you.
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