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Coinglass goes dark for hours as massive DDoS attack hits crypto data platform

The Coinglass proxy attack on October 10 caused widespread outages across regions, exposing deep cybersecurity flaws in crypto analytics infrastructure.

by Moses Edozie
3 hours ago
in Crypto News
Reading Time: 3 mins read
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Crypto Malware Attack Hits 28,000 Users, Steals Just $6K, Report Finds

Crypto Malware Attack Hits 28,000 Users, Steals Just $6K, Report Finds

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Leading cryptocurrency analytics platform Coinglass confirmed on October 10, 2025, that it had suffered a Coinglass proxy attack, a large-scale cyber assault that disrupted global access to its services. The incident, though contained within hours, raised urgent concerns about vulnerabilities in the crypto industry’s cloud-based infrastructure.

 

Users from multiple regions reported severe delays and accessibility issues as the Coinglass proxy attack overwhelmed the platform’s systems. Coinglass acknowledged the disruption through a public statement, confirming that while service interruptions occurred, there was no evidence of a data breach or user information compromise.

“The technical team has successfully mitigated the attack, and most users have regained access,” the company announced, assuring its global community that user data remained secure throughout the event.

Source: X@Coinglass

Technical breakdown and service disruption

The Coinglass proxy attack operated by flooding the company’s network through distributed proxy servers. This method, often seen in large-scale denial-of-service incidents, channels massive amounts of malicious traffic from multiple intermediaries, making it difficult for servers to distinguish between legitimate and harmful requests.

During the peak of the Coinglass proxy attack, thousands of users were unable to log into dashboards or retrieve analytics data. The company confirmed that engineers had to reroute traffic, optimize server capacity, and reinforce backend protections to restore stability.

The company emphasized that no data breaches or financial losses had been detected, underscoring that user assets and analytics records remained intact despite the attack’s scale.

Ongoing investigation and transparency pledge

Following the Coinglass proxy attack, the firm launched a full-scale internal investigation to determine the attack’s origin, method, and intent. Engineering and cybersecurity divisions are collaborating to trace the source and assess whether the incident was an isolated event or part of a coordinated campaign targeting crypto service providers.

Coinglass reaffirmed its commitment to transparency and user trust: “We will continue to share verified updates as the investigation unfolds. Maintaining user confidence and operational integrity remains our top priority.”

Experts in digital forensics note that proxy-based attacks are becoming increasingly sophisticated, often using layered routes to conceal their origins. This makes attribution complex and recovery time-consuming. While Coinglass has not named any suspects, the attack’s pattern suggests a deliberate effort to test the resilience of crypto data platforms.

The firm has also urged users to remain vigilant and follow official communication channels for updates. For now, all core services are functional, but the investigation is expected to continue for several weeks.

Broader cybersecurity implications for the crypto sector

The Coinglass proxy attack underscores a growing concern within the cryptocurrency ecosystem: dependence on cloud-based infrastructure that remains susceptible to large-scale network disruptions. Crypto platforms like Coinglass manage millions of real-time data points, from liquidations and open interest to funding rates, making them critical to market transparency.

Cybersecurity specialists warn that attacks of this kind could destabilize trading decisions if analytics data becomes unreliable or inaccessible. “Proxy and DDoS attacks exploit the same structural weaknesses, bandwidth overload and latency to cripple services,” Cybersecurity researcher, Digital Asset Security Forum.

The Coinglass incident serves as a reminder that even top-tier platforms are not immune to sophisticated cyber threats. As the crypto economy expands, the need for decentralized, resilient data networks becomes more pressing. Other analytics providers may now revisit their cloud security protocols to ensure protection against similar events.

Recovery efforts and industry response

Though the Coinglass proxy attack caused significant short-term disruption, the platform’s swift restoration of services has been widely commended. Coinglass has stated that it will enhance its defense mechanisms, upgrade proxy filters, and collaborate with external cybersecurity firms to strengthen preventive infrastructure.

The company’s handling of the situation has been viewed as a benchmark response for crypto service operators dealing with high-traffic cyber incidents. The recovery also prompted renewed dialogue about how analytics tools form a vital part of the digital asset ecosystem, and how their stability directly influences investor confidence.

Tags: analyticsblockchaincloud infrastructureCoinGlasscryptocybersecuritydata breachDDoSproxy attack
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Moses Edozie

Moses Edozie

Moses Edozie is a writer and storyteller with a deep interest in cryptocurrency, blockchain innovation, and Web3 culture. Passionate about DeFi, NFTs, and the societal impact of decentralized systems, he creates clear, engaging narratives that connect complex technologies to everyday life.

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