Report: Binance Crypto Exchange Under Attack [Updated]

By Nivesh Rustgi
Published April 29, 2020 Updated April 29, 2020
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Report: Binance Crypto Exchange Under Attack [Updated]

By Nivesh Rustgi
Published April 29, 2020 Updated April 29, 2020

The world’s leading cryptocurrency exchange, Binance, is reportedly under attack. According to a report from Coinness, the Co-founder and CMO of the exchange, Yi He, notified about the attacks in a WeChat group.

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On social media, a recent mailer from the exchange sent in Chinese text has had users suspect a phishing attempt. Nevertheless, the customer help desk of the exchange confirmed that,

It’s a satisfaction survey questionnaire for the professional version trading interface.

binance user survey
Binance Survey Sent to Users

Apart from that, there has not been any other confirmations or reports of the hacks. However, the report from Coinness also notified that ‘a large scale of lag appears on the contract page.’ With the eastern trading session in full swing at the moment, the west has not heard about the attacks just yet.

We are probing into the issue and are waiting to hear from the exchange on the reports.

Update: 

The CEO of Binance, Changpeng Zhao, just confirmed the attacks citing that a denial-of-service (DDoSattack was orchestrated on their Chinese servers. He tweeted,

Earlier today, our Chinese domains experienced targeted DDoS attacks, and users saw some lag and interruption of network access. Based on the attack pattern, it looks like work of our self-perceived competitors. No need to be concerned. Systems are fine. Funds are #SAFU.

Are you experiencing problems with the exchange? Please share reports of any abnormality or loss of funds to us. 

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Nivesh Rustgi
1181 Articles
Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com

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