Poloniex Faces Relentless DDoS Attack: User Frustration Hits New Peak

DDoS Attack Strikes Again

Poloniex, a popular cryptocurrency exchange, is reeling from yet another DDoS (Distributed Denial of Service) attack that began around 10 PM on Friday. This marks the second assault within a mere week, leaving users and enthusiasts seething with frustration. The attack has been verified through the exchange’s official communication, but as of now, the status of users’ assets post-attack remains a mystery.

User Outrage and Trading Standstill

Reports indicate that during the last hour, every currency pair traded on Poloniex has been frozen in time, with BTC/USDT seemingly stuck at the $1,761 mark. A graphic representation illustrated the inactivity across pairs like BTC/ETH, raising concerns that this may not just be a result of the attack but perhaps a glitch exacerbated by it. Users are venting their frustrations, and the Trollbox—Poloniex’s internal chat feature—has transformed into a digital hub of outrage, with traders complaining about their inability to make transactions or access their funds.

API Services Crippled

Adding to the woes, users have noted that the API services, which are crucial for automated trading, are also down. This compounded suffering has left many feeling stuck in limbo, like a kid who dropped their ice cream cone but still wants to buy another. With these services not working, traders are finding themselves at a loss, unable to act while the market fluctuates around them.

The Community Responds

The crypto community is rallying online, calling for increased security and transparency from trading platforms. As the exchange continues to battle these attacks, many users are left wondering how such vulnerabilities could persist in such critical systems. Traders are demanding regular updates on the health of the exchange to prevent this feeling of uncertainty.

What’s Next for Poloniex?

As Cointelegraph continues to monitor the situation, traders are advised to remain cautious and consider diversifying their trading activities to avoid similar disappointments. The exchange must take substantial steps to bolster its defenses and communicate effectively with users to reassure them that their funds are safe amidst such chaos.