Crypto sites have suffered a rising number of DDoS attacks in recent days. These include a hardware wallet provider, a crypto exchange, and a crypto news outlet.
According to SatoshiLabs—which created the Trezor hardware wallet—the “Trezor Shop is currently being targeted by a DDoS attack, meaning it is being overloaded by requests from hijacked computers, so the site may be a bit slow to access.”
While the site has experienced some delays, the integrity of the store has not been compromised.
“This attack does not affect the security of the e-shop in any way, but we know it can be a bit of an inconvenience for our customers, so please bear with us. We’ve seen these attacks plenty of times over the years and business will continue as usual,” SatoshiLabs said.
A Trezor hardware wallet on a keyboard. Image: Shutterstock.
A Distributed Denial of Service (DDoS) attack involves a network being flooded with so much traffic from external computers that it ultimately cannot operate as it normally would. DDoS attacks are relatively simple in comparison to other forms of cyber attacks, but they remain a reliable and effective option for attackers.
A metric that tracks how much dormant Bitcoin has been recently moved, indicates that long-term Bitcoin holders are realizing profit on their Bitcoin.
The Bitcoin Coin Days Destroyed metric measures when dormant Bitcoin is sold. The older, and the greater amount of Bitcoin, the higher the metric goes. And recently, it has been shooting up.
Bitcoin coin days destroyed data. Image: Glassnode
On September 26, Bitcoin’s price was $10,754, and the total number of coin days destroyed was just over 8...
Before Trezor’s DDoS attack, similar attacks were experienced by crypto news outlet The Block, and crypto exchange Poloniex.
“We’ve mostly mitigated the latest (2,666 requests per second) DDos attack The Block has ever seen thanks to Cloudfare (sic),” Jake McGraw co-founder and CTO of The Block tweeted last week, adding, “When you attack our site, you’re also attacking our team of 28 full-time employees.”
We've mostly mitigated the largest (2,666/req/s) DDoS attack @TheBlock__ has ever seen thanks to @Cloudflare.
When you attack our site, you're also attacking our team of 28 full-time employees.
On December 5, Crypto exchange Poloniex tweeted that it suffered a DDoS attack, but that funds remained safe throughout.
“We experienced an outage due to a Distributed Denial-of-Service (DDoS) attack. We have since restored full trading for all markets. Customer funds remained safe throughout this time of degraded performance,” Poloniex said in the tweet.
We experienced an outage due to a Distributed Denial-of-Service (DDoS) attack. We have since restored full trading for all markets. Customer funds remained safe throughout this time of degraded performance.
The last week in crypto has seen its fair share of DDoS attacks, but these kinds of attacks have been a persistent issue in the industry for much longer.
In April of this year, Binance CEO Changpeng Zhao blamed rival crypto exchanges for DDoS attacks on the Binance exchange.
Binance CEO Changpeng Zhao has claimed that the exchange suffered a distributed denial of service (DDoS) attack earlier today. He blamed rival exchanges for the incident, citing a pattern of behavior leading up to the hack.
"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," he...
“Earlier today, our Chinese domains experienced targeted DDoS attacks, and users saw some lag and interruption of network access,” Zhao tweeted, adding, “Based on the attack pattern, it looks like work of our self-perceived competitors.”
What’s more, in February of this year, Bitfinex and OKEx were hit with massive DDoS attacks that caused both exchanges to momentarily go down. Bitfinex was offline for about one hour, while OKEx suffered an offline interruption that lasted several hours.
DDoS attacks are turning into a bit of a nuisance.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
A quantum computing breakthrough could one day undermine the cryptography that secures the Bitcoin blockchain and its nearly $1.7 trillion worth of assets. Now, a BTC bounty is putting that threat to the test.
On Wednesday, quantum computing research group Project 11 announced a prize of 1 BTC—currently worth nearly $85,000—for the first team to break a simplified version of Bitcoin’s elliptic curve cryptography, or ECC, using a quantum computer.
We just launched the Q-Day Prize.
1 BTC to the...
Copy trading is a powerful tool in the crypto investor’s arsenal, enabling them to automatically replicate the strategies of experienced and successful traders.
In the fast-paced world of crypto, timing is everything when it comes to mirroring the actions of top traders. Solana copy trading platform Odinbot has “first and foremost concentrated on speed,” the project’s PR lead Erik Demeters told Decrypt, becoming one of the fastest copy trading bots in the marketplace as a result.
Odinbot claims...
Hugging Face is stepping into the world of humanoid robotics with Reachy 2, a $70,000 AI-powered robot designed and built by its latest acquisition, Pollen Robotics.
“So excited to start selling Reachy 2 this week, the first open-source humanoid robot!” Hugging Face co-founder Clément Delangue tweeted. “It's expensive but already in use at Cornell, Carnegie Mellon & major AI labs for robotics research and education.”
While open-source robots are not new, Reachy 2 is the first manufactured, comme...
