Crypto analytics platform CoinGlass got hit by hackers this Friday, and their website went down for a while. The company said someone launched what they called a large-scale proxy attack that knocked their services offline and made things super slow for people trying to access the site.
CoinGlass put out a statement saying the outage was temporary, and by the time they announced it publicly, the platform was already back up and working again for most users. Their tech team and security people are now digging through everything to figure out who did it, where they came from, and what they were trying to do.
This kind of stuff matters because CoinGlass tracks liquidation data and other market info that traders use every day to watch their positions and understand what’s happening in the market. When it goes down, people can’t see real-time data they depend on.
A proxy attack basically works by flooding a platform with malicious traffic from different sources to overwhelm their servers and shut things down. It’s become pretty common in crypto since the data these platforms have is valuable and worth targeting.
CoinGlass didn’t say if any user information got stolen during the attack. They just said the service is back online now, and they’re investigating what happened behind the scenes.
Conclusion
CoinGlass went offline after a proxy attack disrupted the analytics platform, with services restored and the security team investigating the attack’s origin while users regain market data access.
Also Read: Crypto Market Crashes
