Tags: bitcoin | exchange | hackers | attacking

Large Bitcoin Exchange: Hackers Are Attacking Again

Image: Large Bitcoin Exchange: Hackers Are Attacking Again
(Dollar Photo Club)

Tuesday, 12 December 2017 11:40 AM

Bitfinex, one of the world’s biggest bitcoin exchanges, said hackers are seeking to prevent users from accessing it in what are known as denial-of-service attacks.

“We are currently under heavy DDOS. API (application programming interface) is also down. We are working on further mitigation,” the company said on Twitter.

Initially, Bitfinex said it was under heavy load, but “API and phone app is functioning smoothly,” thanking users for their patience.

Last week, the exchange reported it has come under a “significant denial-of-service attack for the past several days.”

Bitfinex, which doesn’t disclose on its website or in any public documents where it’s located, ranks second in trading volume among exchanges worldwide, according to Coinhills.

On Dec. 2, Bitfinex said it would no longer serve U.S. customers because it’s too expensive to do business with them.

This followed Wells Fargo & Co.’s decision earlier in the year to end its role as a correspondent bank through which customers in the U.S. could send money to Bitfinex and Tether’s banks in Taiwan. Bitfinex and Tether filed suit against Wells Fargo, but later withdrew the case.

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Hackers are seeking to prevent users from accessing it in what are known as denial-of-service attacks, Bitfinex, one of the world’s biggest bitcoin exchanges, said
bitcoin, exchange, hackers, attacking
183
2017-40-12
Tuesday, 12 December 2017 11:40 AM
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