Attack of the bots! Paxful fights thousands of automated threats

Malicious actors reportedly attempted to break into the accounts of Paxful users in a series of ongoing attacks.

Paxful, a peer-to-peer market for cryptocurrencies, It successfully defended itself against a range of serious threats, including 220,000 bot attacks and a variety of social engineering tactics, within two months.

In the same period Hackers managed to steal around $ 200 million worth of KuCoin cryptocurrencies, and in another unrelated attack, they stole $ 5.4 million from Eterbase.

Attack of the bots! Paxful fights thousands of automated threats
Attack of the bots! Paxful fights thousands of automated threats

Paxful said its suspected attackers They tried using bots to break into project user accounts:

“Bots, which are reported to generate around a quarter of the world’s web traffic, are de facto programs that emulate the actions of a real device for the purposes required. Nowadays they are a huge headache for ecommerce businesses as cyber criminals use them to steal money, tampered with a user’s credentials, or carry out DDoS attacks.

Global quarantine has presented criminals with a number of unique opportunities. Though it’s not the greatest in terms of harm The most famous feat of its kind was that of some teenagers who managed to hack into some of the biggest Twitter accounts.

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