05 Apr '13, 9am

Bitcoin exchange: Greedy traders to blame for DDoS attack

The soaring value of crypto-currency Bitcoin stuttered slightly last night - after a main exchange for the currency was flooded with network traffic and Bitcoin wallet site Instawallet was suspended. Mt Gox, the most popular Bitcoin exchange, blamed an ongoing distributed denial-of-service (DDoS) attack for trading lags and other connectivity problems over recent days. It stated: Mt.Gox has been suffering from its worst trading lag ever, 502 errors, and at one point some users were not able to log in their account. The culprit is a major DDoS attack against Mt.Gox. Since yesterday, we are continuing to experience a DDoS attack like we have never seen. 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....

Full article: http://www.theregister.co.uk/2013/04/05/bitcoin_ddos_anal...

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