It hasn’t been all hunky-dory for the crypto community lately. Firstly, the $30 billion loss endured this week from the market cap was terrible enough, now a couple of its significant exchanges has been walloped by the DDoS attacks and system outages. The CEO of OKEX has decided to jump in and is offering a massive bounty to anyone who knows the whereabouts of the attacker.

<a href="https://www.cryptoknowmics.com/news/former-okex-coo-andy-cheung-plans-on-raising-40-million-for-acdx">Jay Hao</a> took to twitter to inform the community that the exchange is dealing with a planned DDoS attack. He further tried to comfort the users that OKEx is well-equipped with whatever is thrown at them.
<blockquote class="twitter-tweet">
We've detected a planed DDOS attack to our site, 200G yesterday &amp; 400G just now.
A message to OKEx users &amp; communities: Be assured, OKEx is well-prepared to deal with these attacks, we have and will always protect our users no matter what. <a href="https://t.co/T7Um4G16w7">https://t.co/T7Um4G16w7</a>

— Jay Hao (@JayHao8) <a href="https://twitter.com/JayHao8/status/1233326649967464450?ref_src=twsrc%5Etfw">February 28, 2020</a></blockquote>
However that was not the end of it, and he went one step further by adding that he is offering a bounty to the team behind this attack, and he would make sure that they double pay back the community. It seems that Jay Hao is really hell-bent on finding out the culprit.

<a href="https://www.cryptoknowmics.com/news/okex-and-bitfinex-crypto-exchanges-hit-by-ddos-attacks">Bitfinex</a> was a victim of this attack too and is currently undergoing maintenance, and the accurate spot price is currently suspended.

There’s definitely some underlying connection between both the DDoS attack and it is concerning<a href="https://www.cryptoknowmics.com/news/bitfinex-desists-support-for-erc20-zilliqa-zil-after-token-swap-completion"> Bitfinex</a> CTO Paolo Ardoino who is surprised seeing the level of sophistication these hackers have and could be a sign of how well prepared they are.
<h2>OKEx Shows Resilience </h2>
The good news is that both exchanges were out of action for just under an hour each. The platforms have fixed the problem, and the user's funds are safe.

The users who expected the worse are euphoric seeing that both the exchanges got back into the game after just one hour. The problems are solved and the funds are safe.

The bounty offering by OKex’s Jay Hao shows a clear sign of concern and a strong desire to protect the community and also that the exchanges acknowledge the threat posed by these attackers, prepare themselves well before time for such atrocious attacks.

Bounty Offered For DDoS Attacker by OKEx CEO Jay Hao

OKEx CEO Jay Hao took to Twitter today to inform that the exchange had detected a planned DDoS attack, offering a bounty too.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Bounty Offered For DDoS Attacker by OKEx CEO Jay Hao

Top Picks