• Hacking News
    • Leaks
    • WikiLeaks
    • Anonymous
  • Tech
    • Android
    • Apple News
    • BlackBerry
    • Google News
    • Microsoft
    • Motorola
    • Nokia
    • Samsung
    • 3D
  • Cyber Crime
    • Phishing Scam
  • How To
  • Cyber Events
    • Censorship
    • Cyber Attacks
  • Security
    • Malware
  • Surveillance
    • Drones
    • NSA
    • Privacy
  • Explore
    • Gaming
    • Science
    • Viral
HackRead
  • January 22nd, 2021
  • Home
  • Advertise
  • Privacy Policy
  • Contact Us
HackRead
  • Hacking News
    • Leaks
    • WikiLeaks
    • Anonymous
  • Tech
    • Android
    • Apple News
    • BlackBerry
    • Google News
    • Microsoft
    • Motorola
    • Nokia
    • Samsung
    • 3D
  • Cyber Crime
    • Phishing Scam
  • How To
  • Cyber Events
    • Censorship
    • Cyber Attacks
  • Security
    • Malware
  • Surveillance
    • Drones
    • NSA
    • Privacy
  • Explore
    • Gaming
    • Science
    • Viral
  • Follow us
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
Home
Cyber Events
Cyber Attacks

Bitfinex cryptocurrency exchange hit by massive DDoS attacks​

December 12th, 2017 Waqas Security, Cyber Attacks 0 comments
Bitfinex cryptocurrency exchange hit by massive DDoS attacks​
Share on FacebookShare on Twitter

Bitfinex, known as one of the world largest cryptocurrency exchange was forced to shut down its ongoing operations after suffering a series of non-stop distributed denial of service (DDoS) attacks on Tuesday, December 12th.

Based in Hong Kong, Bitfinex used its Twitter account to inform its customers about the situation and stated that “We are currently under heavy DDOS. API is also down. We are working on further mitigation.”

A DDoS attack is an attempt to make an online service unavailable by overwhelming it with traffic from multiple sources. In Bitfinex case, this is the second attack in just one week. On December 4th, the company suffered significant attacks on its server that carried on for days and stopped on December 7th.

Bitfinex cryptocurrency exchange hit by massive DDoS attacks​

Credit: Bitfinex twitter account

While Bitcoin’s value is up to the sky, it is no surprise that a cryptocurrency exchange like Bitfinex came under cyber attacks. Also, CoinBase, another cryptocurrency exchange with more than 13 million customers was also under DDoS attacks earlier today yet it is unclear if both attacks are related.

At the time of publishing this article, websites for Bitfinex and CoinBase were online. However, Bitfinex’s service status page is informing users that “Some services returning online with reduced performance. Continuing work to mitigate the attack.”

The good news is that a DDoS attack does not result in theft user funds, unlike the incident that took place last Thursday in which NiceHash, a Slovenian cryptocurrency mining marketplace suffered a massive data breach in which unknown hackers stole more than $70 million of Bitcoin.

If you are running a business; calculate the cost and probability of a DDoS attack on your business with this DDoS Downtime Cost Calculator.

  • Tags
  • Bitcoin
  • Bitfinex
  • CoinBase
  • Cryptocurrency
  • Cyber Attack
  • Cyber Crime
  • DDOS
  • Money
  • security
Facebook Twitter LinkedIn Pinterest
Previous article This Fidget spinner app is sending other apps data to Chinese server
Next article Sophisticated 'MoneyTaker' group stole millions from Russian & US banks
Waqas

Waqas

I am a UK-based cybersecurity journalist with a passion for covering the latest happenings in cyber security and tech world. I am also into gaming, reading and investigative journalism

Related Posts
Shazam Vulnerability exposed location of Android, iOS users

Shazam Vulnerability exposed location of Android, iOS users

Ongoing 'FreakOut' malware attack turns Linux devices into IRC botnet

Ongoing 'FreakOut' malware attack turns Linux devices into IRC botnet

Signal, Google Duo, FB Messenger vulnerabilities allowed eavesdropping

Signal, Google Duo, FB Messenger vulnerabilities allowed eavesdropping

Newsletter

Get the best stories straight into your inbox!



Don’t worry, we don’t spam

Latest Posts
Shazam Vulnerability exposed location of Android, iOS users
Security

Shazam Vulnerability exposed location of Android, iOS users

47
Ongoing 'FreakOut' malware attack turns Linux devices into IRC botnet
Security

Ongoing 'FreakOut' malware attack turns Linux devices into IRC botnet

85
Signal, Google Duo, FB Messenger vulnerabilities allowed eavesdropping
Security

Signal, Google Duo, FB Messenger vulnerabilities allowed eavesdropping

107

HACKREAD is a News Platform that centers on InfoSec, Cyber Crime, Privacy, Surveillance and Hacking News with full-scale reviews on Social Media Platforms & Technology trends. Founded in 2011, HackRead is based in the United Kingdom.

Follow us