Funding Pips, a prop trading firm, disclosed today via its Discord channel that it has been experiencing significant disruptions due to a Distributed Denial-of-Service (DDoS) attack. The attack has affected various operational processes throughout the day.

Account Issues, DDoS Impact

In a statement, the firm reassured its users that efforts are underway to restore normalcy swiftly. Specific issues addressed include minimal email communication from the application. Additionally, some users have reported multiple accounts on the trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that are not visible on the dashboard.

These accounts are slated for removal. New account creation following successful payments through crypto providers has been temporarily blocked. Affected users will still receive their accounts, as the firm retains records of all successful transactions.

Despite the disruption, Funding Pips highlighted a positive development: the implementation of measures allowing payout processing while mitigating the impact of the DDoS attack DDoS Attack A distributed denial of service (DDoS) attack is defined as an attempt by malicious actor to overwhelm a targeted server, website, or network with a flood of internet traffic. Most often this takes the shape of a machine or network becoming unavailable to users for a period of time through the systematic disruption services of a host connected to the Internet.These attacks are most effective when multiple compromised computer systems and other internet-connected devices are exploited as sources A distributed denial of service (DDoS) attack is defined as an attempt by malicious actor to overwhelm a targeted server, website, or network with a flood of internet traffic. Most often this takes the shape of a machine or network becoming unavailable to users for a period of time through the systematic disruption services of a host connected to the Internet.These attacks are most effective when multiple compromised computer systems and other internet-connected devices are exploited as sources Read this Term. However, the firm clarified that no email notifications will be sent until the DDoS attack is fully mitigated.

@fundingpips is having DDOS Attack last day.

Recently they banned many traders because of risking more than 3% on Funded Account.
From 4.7 rating on Trustpilot their rating decreased to 4.5 in less than 2 days. @Khldfx having a tough time. Good luck man! pic.twitter.com/ZB48hG6Lna

— Ragnar (@partialSTP) July 3, 2024

TradeLocker DDoS Attack

Three months ago, TradeLocker experienced a DDoS attack, causing the platform to be offline for over an hour, as reported by Finance Magnates. This outage affected clients and investors of brokers and proprietary trading firms. Reports of the attack emerged after users of these firms reported account access issues.

Following recent issues with MetaQuotes’ MetaTrader 4 and 5, many brokers, including Tradddo, Funding Traders, TopTier Trader, and Funding Pips, switched to TradeLocker. Funding Pips noted that the platform was down for just over an hour.

Later, a statement on X suggested that TradeLocker was targeted by two DDoS attacks. TradeLocker initially did not confirm the attack, but did so a day later. The company acknowledged that some users experienced difficulties accessing demo and live accounts, but all pending orders were executed.