Bitcoin Exchange BTC-e is Back Online Following DDoS Attack

Bitcoin exchange BTC-e was down briefly on Sunday after a distributed denial of service (DDoS) attack against its servers.

BTC-e, the 2nd-largest bitcoin exchange, is back up and running following DDoS attack. Photo: 
Tayla Lyell/Flickr

BTC-e, the 2nd-largest bitcoin exchange, is back up and running following DDoS attack. Photo: Tayla Lyell/Flickr

BTC-e, the second largest cryptocurrency exchange created by anonymous group, declined for a short time on Sunday, after a powerful distributed denial of service (DDoS) attack against its servers.

Since the ‘massive and concerned’ attack against several organizations this year, DDoS attacks have gained some fame. BTC-e confirmed the attack very quickly and assured that it was just a common attack that can be easily fixed.

Today the exchange is back on track, as yesterday’s сase didn’t harm its security system.

Back to Normal Operations

At press time BTC-e was back to normal and already had more than 4,000 users online. The exchange mentioned that such minor DDoS attacks happen occasionally and are absolutely harmless. Moreover, the latest attack didn’t result in a security breach and wasn’t different from previous ones.

“Our networking team responded quickly and it is fixing the problem,” BTC-e said. “We don’t consider it as an important problem, as there is a workaround to fix it quickly.”

Apparently it didn’t affect the security system and was just a DDoS attack that are now so common for bitcoin exchanges.

Non-DDoS Technical Issues

BTC-e has dealt with a number of technical issues in their systems that are not related to the malware attacks. In December last year, exchange had a problem with processing delays, which also resulted in the increased number of concerns.

Nevertheless, as the exchange mentioned to CoinDesk those problems were results of a sudden surge in number of users.  Since that issue happened BTC-e has hired more people to deal with workload and now claims that there haven’t been any major problems, apart form periodical DDoS attacks.

The operators of BTC-e sill wish to remain anonymous. However according to its market share and the fact that it is the second largest exchange in the world it seems that people don’t mind at all who stays behind of the BTC-e operations.

At the moment the value of BTC is equal to $450 on BTC-e exchange, according to the CoinDesk Bitcoin Price Index (BPI), which is the average of the top three bitcoin exchanges (Bitstamp, BTC-e and Bitinflex).

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