• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Cyber Security / Cryptocurrency Exchange Bitrue Hit by a DDoS Attack
Cryptocurrency Exchange Bitrue hit by a DDoS Attack

Cryptocurrency Exchange Bitrue Hit by a DDoS Attack

September 21, 2020 by Reena Shaw

The digital asset management platform, Bitrue suffered a distributed denial-of-service [DDoS] attack on 20th September. This led to the web services on the platform being unavailable. Bitrue further revealed that a few app functions that rely on web services were also affected.

Its official tweet read,

All Bitrue functions should now be working correctly. There are no lasting effects of this attack and all user funds are safe. If you continue to have any issues, please send us a DM or contact us at support@bitrue.com

— Bitrue (@BitrueOfficial) September 21, 2020

The platform also revealed that there were “no lasting effects” of the attack and confirmed that all the funds were safe.

Additionally, in February this year, OKEx and Bitfinex suffered multiple sophisticated assaults of DDoS attacks. The first attack on OKEx routed nearly 200 gigabytes per second of traffic. In less than 24-hours another denial attack followed, this time on Bitfinex, which put a strain on the platform’s activity. During the same OKEx was hit with a second attack by the bad actors routing 400 gigabytes per second of traffic.

Cryptocurrency exchanges weren’t the only targets of DDoS attacks. Nearly a month ago, the New Zealand stock exchange was hit by a DDoS attack which led to a series of outages as a result of targeted disruption by cybercriminals who demanded Bitcoin in order to cease the attack.

 A quick primer: 

DDoS attack is a method of disruption on the Internet and does not require much sophistication or effort. By overloading a target with bogus traffic, a malicious actor is able to make a website or service unavailable. One of the many reasons as to why this is done could potentially be for the purpose of suspending trading in order to achieve some kind of pricing advantage.

Upon analyzing some of the DDoS attacks hitting the many cryptocurrency exchanges on CloudFlare network in order to gauge any visible patterns of interest, the eb-infrastructure and website-security company found that the prominent volume of DDoS traffic originated from SSDP amplification attacks, NTP amplification attacks, and application-layer attacks.

While most cryptocurrency exchanges have been able to recover from the impact of a Distributed Denial of Service attacks within a single day, however, with trading coming to a complete halt due to it essentially implies that a long-lasting DDoS attack could severely affect the revenues of the platform.

Filed Under: Cyber Security, News Tagged With: Bitfinex, Bitrue, DDoS Attack, OKEx

Primary Sidebar

Recent Posts

  • BTC to 120K, Nasdaq Composite, Altcoin Price Prediction and the Next x100 Meme Coin: Pepeto July 16, 2025
  • Crypto ETF Surge: XRP and Solana Lead 2025’s Altcoin ETF Revolution July 16, 2025
  • Google’s AI Gemini Predicts Bitcoin Will Hit $200K in October, Bitcoin Hyper Could Rise 2000% July 16, 2025
  • PENGU Breaks Out of Accumulation Zone, Eyes $0.045 as Next Target July 16, 2025
  • Solana Price Prediction: Bulls Target $300 as ETF Approval Odds Hit 99%, New SOL Presale Goes Viral July 16, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.