OKPay Hit with DDoS Attack, Threatening Further Cyber Assaults During Week

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term OKPay was hit with a DDoS yesterday (January 21, 2016) at approximately 09:00 UTC, which briefly resulted in a cessation of select services – unique in this cyber assault was an extorted demand for an undisclosed payment, according to an OKPay statement.

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OKPay like many other exchanges has had to deflect a litany of DDoS attacks during its existence. In addition to briefly making some services unavailable yesterday, the attack also extorted payment, threatening further attacks this week against the exchange. Initial attempts to attack OKPay were allayed by the enabling of mitigation strategies to block it.

We will not respond to any extortion attempts nor pay these criminals under any circumstances

In an act of defiance against the attacks and the extorting party, OKPay issued a cursory statement, indicating it would not give in to any such demands. The official statement can be read in full below:

“First of all, we would like to make one thing clear. We will not respond to any extortion attempts nor pay these criminals under any circumstances. We have dealt with DDoS attacks before, and have recently been strengthening our defenses to deal with such issues. However, recent attacks may caused some disruption for our users, so we are publishing this note to explain our clients and partners what had happened.”