Hacking Alert World’s Largest Bitcoin Exchange Bitfinex Crippled by DDoS

Discussion in 'Security News' started by Exterminator, Jun 15, 2017.

  1. Exterminator

    Exterminator Super Moderator
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    Oct 23, 2012
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    Bitfinex, the world’s largest US dollar-based Bitcoin exchange, is still suffering from the effects of a DDoS attack on its systems earlier this week, rendering IOTA deposits unavailable for users.

    The exchange first tweeted it was under attack on Tuesday, just a day after it launched trading in IOTA tokens, crypto-currency based on a new distributed ledger technology that proponents believe is superior to Blockchain.

    It’s unknown if the two events are related, but with demand for IOTA high following its launch, it would have been a perfect time for a rival or miscreant to target the exchange.

    As of yesterday, services still appeared down. Bitfinex tweeted:

    “IOTA deposits and withdrawals are currently unavailable due to wallet maintenance. Funds are safe.”
     
  2. mekelek

    mekelek Level 18

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    so thats why BTC been plumitting today, that -12% mid-day kinda scared me, but now it seem to have recovered
     
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  3. Davidov

    Davidov Level 9

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    Ethereum dropped by 19 :) So I bought it a bit when it fell.
     
  4. mekelek

    mekelek Level 18

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    it's not worth buying ETH atm, rather mine it tbh.
     
  5. Davidov

    Davidov Level 9

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    I have to write it for joy for a few years .-)
    .-)
     
    mekelek likes this.
  6. Winter Soldier

    Winter Soldier Level 24

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    Everything stored on the web is as secure as the web infrastructure they’re relying upon.
    No matter how safe they say to be, web services can be hacked or attacked.
     
  7. mekelek

    mekelek Level 18

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    it has to be stored that way tho for instant selling/buying, it's like the stock market, split second decisions can cost you a lot.
     
    Davidov and Winter Soldier like this.
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