Currency.com confirmed that the crypto trading platform suffered a massive cyberattack attempt after it suspended its operations in Russia last week.
The platform suffered a failed distributed 'denial of service' (DDoS) cyber-attack last Tuesday, it said in a press release shared with Finance Magnates. In addition, it stressed that the attack was unsuccessful and that all customer accounts and data are safe.
In a DDoS attack, the hackers bombard a platform with multiple requests for its services, thus crashing its infrastructure. Earlier, Ukraine’s President Volodymyr Zelensky said that Russian hackers targeted the country’s defense ministry and finance sector with DDoS attacks.
“Currency.com has identified security as a big concern for investors when choosing a trading platform ,” said Currency.com’s billionaire Founder, Viktor Prokopenya.
“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.”
Varying Views of Crypto Platforms
Currency.com offers cryptocurrency trading services across Europe. The platform is owned by the Belarusian-originated billionaire and operates from its offices in London, Gibraltar and Vilnius.
It became the first major crypto trading platform to pull out from Russia amid the invasion of Ukraine by the Russian army. Other crypto exchanges like Binance and Coinbase decided to continue operations in Russia, but only to halt services for sanctioned individuals and entities.
Prokopenya confirmed that the customer support staff of his crypto platform were bombarded with abusive calls and death threats after the platform decided to suspend its Russia operations. And, then came the cyberattack attempt.
Moreover, he said that Currency.com had faced attempts of cyberattacks before, but it was ten times more intense this time.
“Currency.com has robust security measures and has never been hacked,” Prokopenya added. “Currency.com will further test and enhance its systems and processes to ensure it continues to remain robust and resistant to potential cyber-attacks. Currency.com strongly condemns the war in Ukraine.”
