BitMEX underwent a DDoS attack during the market crash.

   Trading on the BitMEX Crypt currency derivatives exchange was suspended on March 13 during the fall of markets. It resulted in the platform paying out $200,000 to affected traders.

In an article on the company's blog, BitMEX CEO Arthur Hayes said that DDoS attacks were organized on the site on March 13 at 2:16 UTC and at 12:56 UTC. Due to the attacks, the installation of orders on the exchange slowed down significantly, which led to losses.

According to Hayes, on March 13, the botnet launched a DDoS attack on the market. With the help of a specially composed request via chat between platform users, the attackers significantly increased the load on the BitMEX database. At first, experts considered the hardware problem, but then found the real reason for the download and stopped the DDoS attack.

Then, 10 hours later, a similar attack was carried out on the site. In both cases, the botnet was blocked by the internal traffic analysis and filtering system, but the attackers managed to compile a large queue of database requests. BitMEX employees were ready to do this manually and cleaned up the queue of requests as quickly as possible and resumed the site operation.

BitMEX CEO stressed that 156 accounts were found after the audit, which suffered losses due to the suspension of trading on the exchange - Stop orders from such customers have worked incorrectly. In each case, BitMEX has calculated and listed to the trader all the losses incurred. In total, 40.297 BTC (XBT ticker on Bitmex) was listed to such traders.

Arthur Hayes assured the users that personal data, passwords and other important information of the clients are completely safe.

It was recently reported that a sharp market decline has helped BitMEX to increase its insurance fund. It has grown to record values and now stands at 36,493 BTC.