As Zhao told Cointelegraph on May 4, the April 29 attack was "well-coordinated" and focused on making Binance services unavailable in some countries of Asia.

Competitors behind the attacks?

Zhao emphasized that there are "a number of tell-tale" signs that such attacks came from competing exchanges.

In the statement, Binance's CEO stated that DDoS attacks were more expensive for hackers than for the substitution itself.

CZ provided more details regarding specific DDoS targets:

"The attacks focused on all of our public endpoints in those targeted regions simultaneously. Nosotros use a wide range of caching, clustering, and distribution services to optimize the performance of user access from every corner of the world. And for each region, we use unlike combinations of services and architecture."

Allegedly "blackness media" campaign confronting Binance

On the other hand, Zhao claimed that there are some well-coordinated "blackness media" efforts confronting Binance, citing the Chinese industry every bit an case. There, he claims that there is a "whole industry of blackness media" that is responsible for writing negative articles "until you pay them."

Binance's CEO claims that these "black media" accept payments from Binance's competitors then that they continue to write more negative manufactures confronting them.

Following the aforementioned line, CZ commented on the post-obit:

"If you have been in the manufacture for any length of time, you know who they are. It's common knowledge to the Chinese community too, but somehow the industry still exists. Within 5 minutes of the attacks showing small-scale impact, long articles about how our services are unreliable and all the negative things you can blame on Binance were published."

Returning to the DDoS attacks, he clarified that there were 2nd wave and 3rd moving ridge attacks on last Th and Friday, but they did non accept an impact since the exchange had taken measures to defend itself.

Binance'south book surged to an best high

Zhao highlighted that, at the time of the assail, Binance hit an all-fourth dimension high in trading book, clocking in at $17 billion equivalent in 24 hours of trading volume following the attack.

As reported by Cointelegraph at the beginning of March, DDoS attacks targeted OKEx and Bitfinex, and there were some suspicions of a possible relationship with Binance's attack.