OKEx CEO offers bounty for exposing the buyer of DDOS attack

OKEx CEO has offered to pay “double” to the team responsible for the DDoS attack if they expose the identity of the buyer with evidence. 

Crypto markets are in chaos as the situation goes from bad to worse. The sector’s market cap has decreased by over 30 billion dollars in the past few days. Now two major crypto exchanges have suffered DDoS attacks on their servers. This has caused the exchanges to suffer from system outages. Most recently, OKEx CEO, Jay Hao has offered a bounty to anyone who has information about the perpetrator behind the attack.

OKEx CEO offers bounty for DDoS attacker

In a Twitter post, Jay Hao revealed that the exchange had detected a planned DDoS attack on their site. He ensured OKEx users that the company more than prepared to deal with such attacks.

In the following tweet, Jay asked for the team behind the attack to cooperate with him to expose the identity of the person that orchestrated the attack. He stated that if the team agrees to cooperate, he would personally pay double of what the attacker paid them.

Crypto markets are having a bad time as the market movement continues downwards. The market cap has fallen by 30 billion, while Bitcoin’s price fell from over 10,000 dollars to less than 8,800 dollars.

At such a time, the DDoS attacks on OKEx and Bitfinex only add insult to injury. It is never a good thing when a major crypto trading platform goes offline. As Bitfinex is undergoing maintenance, there is an absence of an accurate spot price for people using the exchange to mark positions.

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