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The crypto analytics platform CoinGlass confirmed it was targeted by a large-scale proxy attack, temporarily disrupting access to its services. The attack, directed at the company's infrastructure, caused outages and performance issues for users in multiple regions. CoinGlass stated in a public statement that the platform has since been restored to normal operation for most users, with engineering and security teams investigating the attack's full scope, origin, and intent [1].
The incident, first reported by BeInCrypto, highlights vulnerabilities in cloud-based infrastructure amid rising cyber threats in the cryptocurrency sector. Users reported inaccessible services or significant delays during the disruption period. CoinGlass attributed the attack to a "proxy strike," a method involving distributed requests through proxy servers to overwhelm systems. While the firm did not disclose the attack's duration, it emphasized that no data breaches were confirmed [2].
The firm's response included resolving the technical issues and urging users to monitor updates as investigations progress. CoinGlass also reiterated its commitment to transparency, noting that its teams are collaborating to determine the attack's motivations. The company has not yet identified the perpetrators or potential financial impact of the incident [3].
This event underscores the growing sophistication of cyberattacks targeting financial technology platforms. Proxy attacks, which leverage botnets or third-party servers to mask malicious traffic, have become a common tool for disrupting online services. CoinGlass's experience aligns with broader trends of distributed denial-of-service (DDoS) attacks in the crypto industry, where infrastructure resilience remains a critical concern [4].
The firm's statement did not address potential regulatory implications or customer compensation. However, the incident could prompt renewed scrutiny of cybersecurity protocols in the crypto analytics sector, particularly as platforms handle sensitive market data and user transactions. CoinGlass has not disclosed whether this attack is part of a larger pattern or isolated incident [5].

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