Bitmex attacked by Titus, victim reimbursement ... how much?

BitMEX, a global cryptocurrency exchange known to have been hit by two recent DDoS attacks, has compensated for the damaged account.

According to cryptocurrency specialized media such as Bitcoinist and Coin Telegraph on the 17th (local time), BitMEX compensated 156 victim accounts for the system failure that occurred last week.

BitMEX said, "We have identified 156 accounts damaged in the ETHUSD market." We calculated the delta of the index price and reimbursed 40.3 Bitcoin Futures (XBT). The amount of compensation is $ 21,800 (KRW 270 million).

The reimbursement was due to the failure of the BitMEX site for approximately 30 minutes from 2:16 am to 2:40 am UTC, on the 13th. At the time, BitMEX said there was a connection failure due to a hardware problem. Service was resumed from 3 am (noon in Korea time) on this day.

Later, BitMEX revealed that the cause of the system failure was a DDoS attack.

BitMEX said on an official Twitter, “We were attacked twice by DDoS at 2:16 AM and 12:56 PM UTC on the 13th.” “By the botnet that was waiting for the attack when the cryptocurrency market volatility peaked (Didos A) It started. ”

Previously, regarding the occurrence of a system failure that occurred on the day the cryptocurrency crashed, some people claimed to have said, "Isn't the hardware failure in the first place?"

"One theory that's not insane was that Bitmex's hardware failure wasn't in the first place," said Twitter, Sam Bankman-Fried, CEO of cryptocurrency derivatives exchange FTX. "When the BitMEX system stopped, the cryptocurrency market rebounded." Being able to raise Bitcoin to $ 5000 means that there was no need to go down further. "

On that day, Bitcoin plunged more than 40% in one day, once falling to $ 4106, but recovering $ 5500.

BitMEX denied this as a conspiracy theory.

Related article: Bitmex with system failure… “The conspiracy theory that appeared in the Bitcoin plunge?”

“We know there have been questions and concerns over the past 72 hours (after the 13th),” said Arthur Hayes, CEO of BitMEX, on Twitter. I will be transparent. ”