Cyber Attack On London Crypto Exchange

Uploaded on 2022-08-17 in INTELLIGENCE-Hot Spots-Russia, FREE TO VIEW, BUSINESS-Services-Financial, TECHNOLOGY--Hackers

The National Cyber Security Centre (NCSC), part of GCHQ, and London's Metropolitan Police have been investigating  a series of large scale cyber attacks targeting on Currency.com, a London cryptocurrency exchange, using distributed denial of service (DDoS)) attack .

Millions of computers around the world coerced to bombard the company’s website with multiple requests, in an attempt to take-down its systems. At the peak the exchange was bombarded at the rate of 2,500 times a second

The cyber attack began in April after Viktor Prokopenya, founder of Currency.com, announced he was pulling his company out of Russia in protest about the Russian invasion of Ukraine. His firm issued a statement condemning Russian “aggression” and the “terrible war.” Within hours, the exchange was hit by what is believed to have been the first suspected Russian cyber attack on a UK company, after the country proffered economic and military aid to Ukraine. Documents seen by The Telegraph newspaper indicate that computers involved in the cyber attack are located in Russia and Belarus, a supporter of the Russian invasion of Ukraine.

Prokopenya, a Fintech entrepreneur originally from Belarus, initially reported the attack to Action Fraud, the UK's national reporting centre for fraud and cyber crime.

A report was sent to the National Fraud Intelligence Bureau, which had analysed the cyber attack and alerted the Metropolitan Police in London, where the Currency.com’s servers are based. However, the Metropolitan Police are reported to have decided against a detailed investigation because of the problems of identifying the criminals.

The NCSC is not thought to believe the attack was carried out directly by the Russian government, but by Russian criminals, most likely working under government direction

Currency.com:    MSN:      Telegraph:   Canada Today: 

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