<p>Magnetic X, a rapidly growing <a href="https://coinpedia.org/decentralized-exchange/" target="_blank" rel="noreferrer noopener">decentralized exchange</a> on the XRP Ledger, recently stopped a major distributed denial of service (DDoS) attack. The attack aimed to overwhelm the platform with traffic and disrupt its services, but the development team acted swiftly to protect the exchange.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/MagneticXRPL/status/1846954098186395933 
 </div>
</figure>   
<p>The attackers demanded a ransom of several thousand Tether (USDT), but the Magnetic X team refused to comply. Instead of negotiating, they chose to boost the platform’s security to prevent further issues.</p>   
<p>Let's dive into the details of this epic showdown! </p>   
<h2 class="wp-block-heading" id="h-magnetic-x-refuses-to-pay">Magnetic X Refuses to Pay </h2>   
<p>The team quickly increased server capacity to handle the surge in traffic, ensuring the platform could manage millions of requests without any loss of user data. Thanks to this rapid response, services were restored quickly. The exchange reassured users that it is now fully secure and recommended clearing browser cookies to fix any remaining issues.</p>   
<p>This wasn't the first time Magnetic X faced a DDoS attack. In January, a similar incident on the XRP Ledger saw millions of records flooding the nodes, which affected the functioning of the ledger's historical transaction records.</p>   
<h2 class="wp-block-heading" id="h-standing-strong-despite-the-challenges">Standing Strong Despite the Challenges </h2>   
<p>Despite these setbacks, Magnetic X has remained strong, continuing to provide decentralized trading, automated market maker (AMM) pools, and yield farming. The quick response to the latest attack demonstrates the exchange's dedication to security and reliable service.</p>   [post_titles_links postid="368420"]   
<p>With its upgraded infrastructure, Magnetic X aims to stay at the forefront of decentralized applications <a href="https://coinpedia.org/blockchain-developers/introduction-to-decentralized-applications-dapps/" target="_blank" rel="noreferrer noopener">(dApps)</a> on the XRP Ledger, setting high standards for security and stability in the decentralized finance space.</p>   
<p><strong>Security, stability, and service. That's Magnetic X. Are you excited about the possibilities? </strong></p>

XRP Ledger DDoS Attack: Magnetic X Defies Hackers, Boosts Security

Table of Contents

CoinPedia News

Other articles published on Oct 18, 2024

Investor Earns Over $550,000 in Six Days

NFT Activity on Telegram Surged a Staggering 400% in Q3 2024

Turning $96 Into $3 Million: The Story of One Trader’s Massive $TRUMP Memecoin Gain

Kraken Launches $kBTC: Fully Backed Bitcoin Token for Ethereum and OP Mainnet

Apple’s Next Big Move? $100 Billion in Bitcoin, Says Saylor

3 Altcoins to Steer Clear This October for Your Portfolio’s Health

Join our free newsletter for daily crypto updates!