Chinese Domains on Binance Under a DDoS Attack- CZ

CZ has cooked up an interesting theory and says from what he can understand by the pattern of the attack, that it is carried out by one of their arch-rivals. The Chinese customers were troubled by the DDoS attack and complaint about the website lagging and being sluggish when they access it, primarily on the contact page.

The market meltdown in March witnessed allegedly a similar DDoS attack on BitMEX, which claims it was attacked twice. Some voices, however, were in full flow that there's some conspiracy behind it and targeted the platform claiming they did it on purpose to stop bitcoin price from declining further.

CZ claimed that time that they're not taking these attacks lightly and are working on improving the system capacity and being very cautious and guarded in their approach to not fall victim to a similar sort of attack.  However, it appears it wasn't all that successful and the cryptocurrency exchanges remain prone to such attacks.

This Could be a Big Blow For Binance 

This would definitely be a bummer to Binance which was gaining further credibility as it was experiencing new customers in April, unlike other platforms. Changpeng Zhao believed that Binance is benefiting because users from other platforms are migrating to it.

It would be interesting to see if the trend still continues in the aftermath of the DDoS attack.

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