Binance Under Attack, Chinese Domains Suffered DDoS ...

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Binance CEO Changpeng Zhao has apologized for causing concern among the crypto community when he openly spoke about the possibility of a rollback for the Bitcoin blockchain following confirmation of a hack leading to the theft of USD 40 million worth of bitcoins on its platform.. The rollback had caused a sharp backlash, particularly among Bitcoin-only communities, aghast at the very concept ... Changing Zhao, the Binance founder and CEO has tweeted that the Chinese domains are experiencing a DDoS attack on his platform. He went on to add that while there are some lag and network access is difficult right now, the users can rest assured that their funds as they say in the cryptocurrency world, are safu. These are as follows: Bitcoin; Bitcoin Cash; Ethereum; Ethereum Classic; Dash; Ripple; Litecoin; Stellar; NEO; and EOS. The motto at eToro is “Cryptos Needn’t Be Cryptic” and the team are always trying to educate users about cryptocurrencies, through blogs, videos and other helpful resources. And to make trading even more straightforward eToro has two pioneering tools – CopyTrader and ... Binance users can now buy Bitcoin with practically all of the fiat currencies in existence; Binance, which is one of the leading cryptocurrency exchanges in the world, has partnered with the peer-to-peer crypto exchange Paxful. Via this partnership, Binance users can now use 167 different fiat currencies to buy Bitcoin. According to Binance, the theft impacted about 2% of its total Bitcoin (BTC) holdings. However, Binance’s competitors cryptocurrency exchanges suffered from DDoS attacks not so long ago. DailyCoin reported earlier that OKEx and Bitfinex exchanges were simultaneously attacked by DDoS, which caused both of them to go offline for a few hours. Binance founder and CEO, Changpeng Zhao confirmed via Twitter that the Chinese domains of the leading cryptocurrency exchange suffered “targeted DDoS attacks.”. As such users experienced some lag and interruption of network access. But CZ assured that there is no need to be concerned as systems are fine and “funds are SAFU.” — CZ Binance (@cz_binance) August 17, 2020. With time we have been getting used to the volatility of Bitcoin and the fact that, when the price starts to rise, there is an increase in volumes and interest from the public that for one reason or another begins to buy bitcoin for fear of missing out, the so-called FOMO.

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