News about Bitfinex and Ukraine NATO Cyber Attack

Bitfinex, one of the largest cryptocurrency exchanges has disclosed that it is experiencing a burst of traffic(DDoS Attack) on its trading database and so has decided to shut it down till mid-Tuesday.

In an official statement released at 9:39 am ET on Tuesday, the officials of the Bitcoin exchange website said that their trading engine was reigning under Denial of Service Attack launched by a hackers group from Asia.

The controversial cryptocurrency trading platform which also deals in Litecoin and Ethereum also experienced an attack of a similar sort in December’17 which made its users demand answers and refunds from the trading service provider.

Now, the latest attack proves that the IT staff of Bitfinex haven’t learned a lesson from their past experiences as its evident that the website still lacks efficient cybersecurity defenses.

In another incident of the similar sort, Ukraine’s Security Service(SBU) says that it succeeded in preventing a cyber attack on one of the embassy’s of a NATO Country. However, the statement doesn’t specify details about the country which came under attack for reasons.

According to the sources reporting to Cybersecurity Insiders, hackers tried to gain access to the embassy database by gaining credentials from a Ukraine Health Ministry website.

Based on some circumstantial evidence, the Health Ministry’s leadership has decided to dismiss the general director of the state enterprise who is declared as a suspect in committing the crime under Article 363 of the Kiev’s criminal code.

More details about the attack and the name of the country which came under the cyber attack will be revealed shortly.

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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