Crypto Exchange EtherDelta is Under Attack

They warned the users how to protect their assets with a series of tweets and videos.

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The cryptocurrency exchange EtherDelta sent out a series of tweets to its users in order to warn them to avoid using their site. The exchange claimed that probably their DNS server has been attacked by a hack, and the unknown attacker has created a duplicate of the EtherDelta’s domain.

Their first warning tweet was the following:

Furthermore, they explained the phishing site to be a copy similar to the EtherDelta’s site. However, there is no a chat button on the navigation bar, and there is not the exchange’s official Twitter feed. In addition, they copy site holds fake order books.

After the attack, the cryptocurrency exchange suspended its services for the users’ safety. Finally, the company’s team is doing its best in order to limit the attack. They created a video for their users showing them a way to transfer their funds safely without opening the site.


This attack is not something new to the cryptocurrency market

As the cryptocurrency industry grows, more and more services related to them are receiving attacks that it’s hard to counter. For instance, an exchange based named Youbit in South Korea recently bankrupted due to losing 17% of its net assets to series of hacks. The first one happened in April and resulted in a loss of a 4,000 BTC.

Further, in early December, Mining service NiceHash lost 4,700 BTC because of a hack. However, they claimed they will try to return the money to the users if it’s possible. Some reports are blaming North Korea for staging hacking attempts that aim many exchanges in S. Korea by using Facebook profiles and fake job offers in order to gain access to the cryptocurrency exchanges.

The appeal of the cryptocurrencies is mostly due to its decentralization, the anonymity and the freedom it provides. But it seems that this comes with a price as the cryptocurrency industry is still unable to stop these hacks and attacks.

Also Read: Ron Paul Blames Quantitative Easing For the Cryptocurrency Surge

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