Crypto Exchange Currency.com Has Been Attacked After Suspending Operations in Russia

Crypto Exchange Currency.com Has Been Attacked After Suspending Operations in Russia

Currency.com, a fast-growing worldwide crypto exchange, has revealed that it was the victim of a failed distributed “denial of service” (DDoS) cyber-attack. On Tuesday, April 12th, a DDoS attack was attempted. The attempt failed, and no customer accounts or data were harmed.

The attempted cyber-attack happened on the same day Currency.com declared it will stop serving Russian Federation residents.

Crypto exchange Currency.com responded swiftly, ensuring the security of its cyber security systems, contacting authorities, and alerting the company’s global network of IT specialists and third-party experts. The company’s systems, including its backup servers, were unaffected and continue to function normally.

Currency.com’s servers are located in an ultra-secure secured private cage in LD4 Equinix, one of the world’s most prestigious professional data centres. Armed guards and video monitoring keep an eye on them. Many of the world’s biggest exchanges, such as the Dow Jones, Nasdaq, and the London and Frankfurt stock exchanges, utilize LD4 Equinix.

Viktor Prokopenya, Founder of Currency.com said: “Currency.com has identified security as a big concern for investors when choosing a trading platform. We are a global business whose executives have years of experience in creating transparent, secure and powerful trading systems. 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.”

Currency.com has never been hacked and utilizes advanced security measures. It provides the highest level of account security by utilizing the strongest two-factor authentication (2FA) in all aspects of our platform, including login, deposits, trading, and any other activity using API keys. In the unusual event that they lose access to their account, clients can optionally enable a second 2FA channel (known as a Master Key). Client accounts must be secured, and thorough security event activity tracking and whitelisting of devices and IP addresses are required. Payments are protected to the highest level of PCI-DSS compliance, with a user-friendly consumer experience at the forefront.

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