Bitfinex Resumes After Distributed Denial-of-Service Attack

Bitfinex announced resumption of service after the exchange came under a distributed denial-of-service (DDoS) attack on Friday, February 28.

In a tweet to its customers, Bitfinex stated that it was investigating the attack that disrupted some of its services. It asked interested parties to visit its status page for more information and updates on what the team was doing to get the platform back online.

According to information on Wikipedia,

“A distributed denial-of-service (DDoS) attack occurs when multiple systems flood the bandwidth or resources of a targeted system, usually one or more web servers. Such an attack is often the result of multiple compromised systems (for example, a botnet) flooding the targeted system with traffic.”

Thankfully, the Bitfinex team had the situation under control and the exchange back up and running by 10:10 UTC, just an hour after the attack was announced. In a release posted on the Twitter page of the exchange stated:

“Services on the Bitfinex platform have resumed. We implemented a stricter protection level as a result of our platform coming under a Distributed Denial-of-Service (DDoS) attack. All issues relating to the DDoS attack have now been resolved.”

Author: Chris Mharc

Hello, I am Christ Marc, a young crypto enthusiast who has been in the market for a few years, I heard from bitcoin via a few friends and since then I became deeply interesred in this technology, now I am pursuing my studies with the incentive to master tomorrow's technology.

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