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Paxful Fights Off Thousands Of Automated Threats

Amy Liu

Summary: Paxful, a peer-to-peer cryptocurrency marketplace, has successfully defended against a number of serious threats, including 220,000 bot attacks in the span of two months. Paxful said that its alleged attackers attempted to use automated bots to brute force their way into accounts belonging to the project's users: “Bots, which are reported to generate about a ...

Paxful, a peer-to-peer cryptocurrency marketplace, has successfully defended against a number of serious threats, including 220,000 bot attacks in the span of two months.

Paxful said that its alleged attackers attempted to use automated bots to brute force their way into accounts belonging to the project's users:

“Bots, which are reported to generate about a quarter of global Web traffic, are de facto programs that emulate the actions of a real device for the purposes needed. They are a big headache for eCommerce businesses today, with cybercriminals using them to steal money, brute-force user credentials or carry out DDoS attacks.”

By Amy Liu

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