Hong Kong-based cryptocurrency exchange BitMEX has revealed that two distributed denial-of-service (DDoS) attacks had caused the platform’s service disruption last week.
Bitcoin (BTC) recently experienced a historic slump from $7,500 to $3,700 in less than 48 hours. On March 13, one of the worst days in the cryptocurrency markets, BitMEX suffered a 25-minute outage which, coupled with the coronavirus-driven global sell-off, wiped out $1,800 from BTC price. According to data from Datamish.com, almost $1.2 billion in Bitcoin long contracts have been liquidated on the day. As a result, many users claimed lost funds due to the forced liquidations.
Immediately after the incident, reports speculated that a whale movement stood behind the ...
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