04 Apr '13, 7am

Mt. Gox under largest DDoS attack as bitcoin price surges

IDG News Service - The largest bitcoin exchange said Thursday it is fighting an intense distributed denial-of-service attack it believes is intended at manipulating the price of virtual currency, which has seen volatile price swings in the past few days. Mt. Gox, which is based in Tokyo, said the attacks have caused its worst trading lags ever and caused error pages to be displayed to traders, according to a post on Facebook. By its own calculation, 80 percent of the bitcoin trades in U.S. dollars are executed on Mt. Gox's trading platform and 70 percent of all trades in other currencies. The lag of six or seven seconds before a trade is executed "is not acceptable," said Gonzague Gay-Bouchery, marketing for Mt. Gox, in a phone interview. But he cautioned that Mt. Gox's trading platform isn't like those of the New York Stock Exchange or the Nasdaq. The price surge, which s...

Full article: http://www.computerworld.com/s/article/9238118/Mt._Gox_un...

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