- Currency.com reveals that the platform experienced a failed distributed denial of service (DDoS) cyber-attack.
- The cyberattack attempt happened after Currency.com pulled out of its Russian operations.
- Currency.com encountered attempts of cyberattacks before which resulted in them improving their security.
Currency.com announced that the crypto trading platform suffered a massive cyberattack attempt after stopping its operations in Russia last week.
In an April 12 press release, the platform revealed that it encountered a failed distributed denial of service (DDoS) cyber-attack. In addition, it emphasized that the attack was unsuccessful and that all user accounts and data were safe.
In a DDoS attack, the hackers bomb a platform with multiple requests for its services, thus hitting its infrastructure. Recently, Ukraine President Volodymyr Zelensky said that Russian hackers targeted the country’s finance sector and defense ministry with DDoS attacks.
Currency.com billionaire founder Viktor Prokopenya said:
Currency.com has identified security as a big concern for investors when choosing a trading platform. We are a global business whose executives have years of experience in creating transparent, secure, and powerful trading systems. Thanks to Currency.com’s robust security measures, we were able to thwart the attempted DDoS attack. All our servers, systems, and client data remain intact and uncompromised.
Currency.com was the first crypto trading platform to pull out from Russia amid the invasion of Ukraine. Other well-known crypto exchanges like Binance and Coinbase (NASDAQ:COIN) decided to continue operations in Russia, only halting services for sanctioned individuals and entities.
Meanwhile, Prokopenya assured that the customer support team of his crypto platform was bombed with harsh calls and death threats after the platform decided to suspend its Russian operations. Afterward came the cyberattack attempt.
Moreover, he said that Currency.com had encountered attempts of cyberattacks before, but it was ten times more intense this time.