Cryptocurrency website Tether is massively attacked by DDoS attacks

Tether’s CTO Paolo Ardoino announced the threats of an attack on the stablecoin’s website from hackers. According to him, the attackers demanded a ransom from the company to avoid massive DDoS attacks, but the team took the necessary measures to prevent possible pressure on the system and maintain the 1:1 USDT to US dollar parity.

The hackers decided to fulfill their promise by launching a series of DDoS attacks. «This morning, Tether was demanded to pay a ransom to avoid massive DDoS attacks. They tried to do this once before. We usually have about 2000 requests in 5 minutes. The attack brought the figure to 8 million requests per 5 minutes,» Ardoino wrote.

Tether did not specify who exactly organized the DDOS attack on the site and why.