Currency.com Unveils 'Failed' Russian Cyberattack after Withdrawal from Russia

Currency.com has revealed that the cryptocurrency trading platform was the target of a large hacking effort after the suspension of its activities in Russia last week.

It was announced on April 17 that the cyber-attack was infective and that Currency.com's servers, cyber security systems, and all customer data were not compromised as a result of the failure of a 'distributed denial of service (DDoS)' cyber-attack against it on Tuesday, April 12.

A DDoS attack occurs when hackers assault a platform with numerous requests for its services, causing the platform's infrastructure to break down. Ukraine's President, Volodymyr Zelensky, has previously said that Russian hackers had attacked the country's military ministry and financial sector with DDoS operations. 

Currency.com's billionaire founder, Viktor Prokopenya, 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 added in a statement that it would continue to test and improve its systems and procedures in order to guarantee that it remains strong and resistant to future cyber-attacks in the years ahead.

(Source: Finbold)