Funding Pips, a prop trading firm, disclosed today via its
Discord channel that it has been experiencing significant disruptions due to a
Distributed Denial-of-Service (DDoS) attack. The attack has affected various
operational processes throughout the day.
Account Issues, DDoS Impact
In a statement, the firm reassured its users that efforts
are underway to restore normalcy swiftly. Specific issues addressed include
minimal email communication from the application. Additionally, some users have
reported multiple accounts on the trading platform that are not visible on the
dashboard.
These accounts are slated for removal. New account creation
following successful payments through crypto providers has been temporarily
blocked. Affected users will still receive their accounts, as the firm retains
records of all successful transactions.
Despite the disruption, Funding Pips highlighted a
positive development: the implementation of measures allowing payout processing
while mitigating the impact of the DDoS attack. However, the firm clarified
that no email notifications will be sent until the DDoS attack is fully
mitigated.
@fundingpips is having DDOS Attack last day. Recently they banned many traders because of risking more than 3% on Funded Account. From 4.7 rating on Trustpilot their rating decreased to 4.5 in less than 2 days. @Khldfx having a tough time. Good luck man! pic.twitter.com/ZB48hG6Lna
— Ragnar (@partialSTP) July 3, 2024
TradeLocker DDoS Attack
Earlier, TradeLocker
experienced a DDoS attack, causing the platform to be offline for over an
hour, as reported by Finance Magnates.
This outage affected clients and investors of brokers and proprietary trading
firms. Reports of the attack emerged after users of these firms reported
account access issues.
Following recent issues with MetaQuotes’ MetaTrader 4 and 5,
many brokers, including Tradddo, Funding Traders, TopTier Trader, and Funding
Pips, switched to TradeLocker. Funding Pips noted that the platform was down
for just over an hour.
Later, a statement on X suggested that TradeLocker was
targeted by two DDoS attacks. TradeLocker initially did not confirm the attack,
but did so a day later. The company acknowledged that some users experienced
difficulties accessing demo and live accounts, but all pending orders were
executed.
This article was written by Tareq Sikder at www.financemagnates.com.
Source link
