Bitcoin Exchange Bitfinex Comes Under DDoS Attack After Price of Bitcoin Surges Above $1100

Popular cryptocurrency exchange Bitfinex came under DDoS attack on Tuesday. Hong Kong-based Bitfinex has sent out several emails to its clients to inform them of the disruption, but the exchange is currently accessible - albeit only after visitors undergo a check by DDoS protection service, Cloudflare:
“We have taken steps to identify and block the attack. The system is returning to normal.,” said Bitfinex.

The timing of the attack coincides with Bitcoin’s unrelenting rally towards new all-time highs. At press time, the digital currency is trading at $1125 - only about $15.00 away from taking out the January high at $1139.89 - on Luxembourg-based exchange, Bitstamp.

Over the last several weeks, Bitfinex has become the top bitcoin exchange in the world based on daily volume. Coinmarketcap rankings show that 16.69% of global bitcoin turnover has passed though Bitfinex in the last 24h.

Bitfinex overtook the top three Chinese exchanges - BTCChina, OKCoin and Huobi - after warnings issued by the PBoC forced many trading venues domiciled in China to halt cryptocurrency withdrawals, which also sent many investors fleeing to P2P marketplaces like LocalBitcoins.

Hacker image by Brian Klug

Did you find this article informative/helpful? If so, please support Razor-Forex with a small cryptocurrency donation here.