Currency.com target of failed DDoS attack after deciding to halt operation in Russia

Rick Steves

Currency.com condemns the war in Ukraine and has donated over $1 million to humanitarian charities in the war-torn country.

Putin

Currency.com has been the target of a failed distributed “denial of service” (DDoS) cyber-attack last Tuesday, 12 April. the same day the trading platform announced it was halting operations for residents in Russia.

According to the firm, the attack was unsuccessful and no customer accounts or data were compromised during the incident as the team took immediate action and ensured the integrity of its cyber security systems, notifying authorities and activating the company’s global network of IT professionals and third-party experts to the situation.

The company servers, which are housed in an ultra-secure locked private cage serviced by LD4 Equinix, were not affected and are actively working.

The servers at Equinix are protected by armed guards and video surveillance. LD4 Equinix is used by many of the world’s leading exchanges including the Dow Jones, Nasdaq, and the London and Frankfurt stock exchanges.

Currency.com has never been hacked

Viktor Prokopenya, Founder at Currency.com 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.”

The crypto exchange, sister company of Capital.com, has further explained it has never been hacked because of its robust security measures, which include the strongest two-factor authentication (2FA) in all aspects of the platform, including login, deposits, trading and any actions using API keys.

Clients can also enable a separate 2FA channel (known as a Master Key) in the unlikely event they lose access to their account. There is a mandatory requirement to secure client accounts, along with full security event activity logging, and whitelisting of devices and IP addresses. Payments are secured through to the highest level of PCI-DSS compliance with an intuitive customer experience at the core.

Currency.com condemns the war in Ukraine and has donated over $1 million to humanitarian charities in the war-torn country.

In March 2022, Currency.com and Capital.com CEO Jon Squires thanked CAPEX.COM’s Octavian Pătrașcu for his help in evacuating Ukraine-based staff following the Russian invasion on February 24, 2022.

“Remarkably selfless efforts from Octavian Pătrașcu and his guys meant safe landings for our evacuees. There aren’t enough good words for people who step in to help when you can’t be there yourself. The capital.com and Currency.com teams will be forever grateful.”

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