According to Zhao Quinn Telegraph, on Monday, the April 29 attack was well coordinated and focused on making Binance services unavailable in some Asian countries.
The rivals behind the attacks?
Al-Zaw asserted that there were a number of clues to evidence that such attacks came from competing stock exchanges.
In the statement, Binance CEO Zhang Bingchao stated that the denial of service attacks was more expensive for the hackers than the stock exchange itself.
Zhao also provided more details on specific denial of service targets, saying: The attacks have focused on all of our public endpoints in those target areas simultaneously. We use a wide range of temporary storage, batching and distribution services to improve user access performance from every corner of the world. For each region, we use different combinations of services and architecture.
Black Media Campaign Against Binance
On the other hand, Zhao claimed that there was some well-coordinated black media effort against Binance, citing Chinese industry as an example. There, he claims that there is a whole industry of black media responsible for writing negative articles in order to pay them.
============ The Bayanans CEO claims that these black media accept payments from Binance's competitors so that they continue to write more negative articles against them.
In the same vein, Zhao commented on the following: If you have been working in the industry for any length of time, you know who they are. It is a common knowledge of Chinese society as well, but somehow the industry still exists. Within 5 minutes of the slight-impact attacks, long articles were published on how our services were unreliable and all the negative things you can blame on Binance.
Back to the denial of service attacks, Zhao clarified that there were attacks from the second and third waves on last Thursday and Friday, but had had no effect since the stock exchange took measures To defend herself.
