CurrencyCom revealed that it had been targeted just hours after announcing plans to stop onboarding new Russian customers, but assured consumers that the attack had failed. CurrencyCom’s owner, who is originally from Belarus, credited the company’s strong security measures for the successful defence and blamed Russia for the attack.
On April 12th, CurrecyCom, a crypto exchange that has spoken out against the war in Ukraine, stated that it had been the victim of “a unsuccessful distributed denial of service (DDoS) cyber-attack.” Since the corporation maintained that its servers, including backup servers, were not affected during the event, no customer accounts or data were hacked.
DDoS is a sort of cyberattack that involves a large number of computers flooding a company’s website with requests to crash the system. Last week, the London-based crypto exchange declared its decision to exit Russia, freezing all new account registrations and suspending operations for Russian residents. It was in response to Russia’s invasion of Ukraine, but the ensuing retaliation, most likely originating in Russia, arrived just hours after the declaration.
CurrencyCom’s founder, Viktor Prokopenya, was sure that Russia was behind the cyberattack, which aimed to bring the exchange’s system to a halt, saying:
“You don’t need to be a rocket scientist to accomplish this. We’ve been targeted previously, as have all financial institutions, but the scale of this attack was unprecedented: ten times larger than anything we’ve ever seen.”
Furthermore, minutes after Prokopenya’s announcement of suspending operations in Russia, the company’s call-center personnel received “a flood of insults and death threats,” indicating that the hackers behind the attack were certainly linked to Moscow.
CurrencyCom has some strong allegations against Russia.
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