04 Apr '13, 11am

WORLD'S LARGEST BITCOIN EXCHANGE: We Are Suffering A Massive Attack On Our Servers

Yesterday, the world's first and largest Bitcoin exchange, Mt. Gox, had an outage, and users couldn't access the trading platform . Today, Mt. Gox issued a press release on what happened. Apparently, the exchange has been subjected to a massive "distributed denial of service" attack. "Since yesterday, we are continuing to experience a DDoS attack like we have never seen," the company said on its website. "While we are being protected by companies like Prolexic, the sheer volume of this DDoS left us scrambling to fine-tune the system every few hours to make sure that things don’t go beyond a few 502 error pages and trading lag." A distributed denial of service attack occurs when a large network of computers, usually controlled by a single operator, floods a website with traffic to the point where the website can't make new connections with other users trying to access the s...

Full article: http://www.businessinsider.com/ddos-attack-on-mt-gox-bitc...

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