Bitfinex DDoS: Largest exchange for cryptocurrencies paralyzed

A DDoS attack paralyzed the biggest exchange for cryptocurrencies on Sunday evening. Meanwhile, Bitfinex is also under attack in the media.

When the platform was serviced, Bitfinex fell victim to a DDoS attack. The attack happened during service work on the infrastructure and continues, wrote the largest exchange for cryptocurrencies on Sunday night on Twitter. Only hours before, she had declared work on the platform completed. There was no further information about the attack at first.

For the company, this is the sad climax of a turbulent week. After the crypto-currency Tether, built by the Bitfinex-makers, lost $ 31 million through a hack on Tuesday, doubts about the reputability of the swap meet. The New York Times analyzed the machinations of the platform in an in-depth article and wrote of an "inscrutable" organization, also because the company's website did not contain any information about the minds behind it and its location. It is known that the company is officially in the British Islands and is headed by Jan Ludovicus van der Velde and Phil Potter. The two are also behind tether stuck, but deny a direct connection between the platform and the cryptocurrency.

Bitfinex criticized as "inscrutable organization"

Bitfinex had been criticized before. In 2015, the company lost 1,500 bitcoins, worth about $ 400,000 at that time. The following year, even 120,000 Bitcoin disappeared. The company spread the losses to its customers by forcing them to pay 36 percent off their money. Later, Bitfinex is said to have repaid the money.

 "There are so many questions about Bitfinex."

   

Nonetheless, the company did not act transparently, publishing little details about the hack. Big clients like Arthur Hayes, who runs a barter called Bitmex himself, turned his back on the platform. "There are so many questions about Bitfinex," Hayes told The New York Times. "This can easily be corrected by showing all the numbers." Van der Delde emphasized on demand from the newspaper that they work as transparently as they can under the circumstances.