The earth's largest cryptocurrency exchange, Binance, has faced a series of distributed denial of service, or DDoS, attacks on its Chinese domains before today.

Binance CEO and founder, Changpeng Zhao, or CZ, tweeted near the attacks on April 29. He explained that the DDoS attacks acquired "some lag and interruption of network access." Binance CEO reassured that there is no need to be concerned, noting that systems are stable and user funds are safe.

Binance co-founder Yi He reportedly alerted the upshot earlier today

In the tweet, CZ too suggested that the new DDoS attacks on Binance were triggered by "self-perceived competitors." He wrote:

"Based on the assault pattern, information technology looks like piece of work of our cocky-perceived competitors."

CZ subsequently tweeted that Binance has white hackers that work on internal testing to maintain security of the platform. In response to a tweet noting that global tech giants similar Google and Facebook hire such hackers to find loopholes in their security systems, CZ wrote:

"Nosotros of course practise. We too have self-perceived "competitors" doing testing for the states. Everyone is working on Binance."

According to a report past crypto news agency, CoinNess, the DDoS attack was get-go flagged by Binance co-founder, Yi He, early in the day. Binance appears to have made no official statement on the matter every bit of press time.

Binance declined to provide more information most the attacks to Cointelegraph.

The news follows DDoS attacks on major crypto exchanges, OKEx and Bitfinex. As reported, both exchanges experienced multiple DDoS attacks in February, causing some major arrangement outages. OKEx CEO, Jay Hao, subsequently blamed unnamed competitors for the attack. The platform reported that the DDoS attacks were "properly handled inside a curt period of time and no overseas client is impacted."

As reported by Cointelegraph, the attacks on OKEx and Bitfinex in February could perchance be related.