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UK Crypto Exchange Attacked

This is EXMO’s second attack in just two months.

Servers of the UK-based cryptocurrency exchange EXMO were down this morning because of the DDoS attack.

The service has been unavailable for around three hours, and it has since come back online, a representative for the company declared.

“EXMO’s resumed its work,” the spokesperson stated. “Now everything is running properly. Unfortunately, with a splash in market activity, which undoubtedly drives a positive change, many negative phenomena are back as well. DDoS, which we’ve faced, is just one of them.”

She also enlightened that the attack has affected the company’s entire infrastructure, “including the website, API, Websocket API, and exchange charts,” and stated that additional security measures are now being implemented to prevent this sort of thing in the future.

A DDoS – or distributed denial of service – attack is a coordinated attempt to overload a website and disrupt online activity. It is a common strategy among malicious actors in the crypto space: sites for Binance, Bitfinex, and OKEx, all have experienced DDoS attacks.

Last month, service issues on the anonymous browser service Tor were gathered to form a DDoS attack.

Meanwhile, EXMO hasn’t shared much information about the incident’s harshness; this attack comes less than two months following a security breach that drained about 5% of the company’s assets.

At the time, analysts stated that over $10 million could have been stolen from the exchange.

EXMO has been in the crypto industry since 2013 and casts itself as a competitor to more popular global crypto exchanges. A brief “about us” page on the company’s website boasts “more than six years of operation without data leaks and hacks,” which should probably be updated at some point.

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