12 Apr '13, 4am

Bitcoin Exchange Mt. Gox Taken Down by 'Stronger Than Usual' DDoS Attack after Reopening, Virtual

The world’s largest Bitcoin exchange Mt. Gox is being hit by a distributed denial of service (DDoS) attack. The site is currently down, just over two hours after it resumed trading earlier on Thursday night. In a post on Google+, the exchange merely says “We are experiencing a stronger than usual DDoS. We are working in (SIC) it.” Indeed, a quick visit to mtgox.com shows that the service is indeed unavailable: Over at Bitcoinity , we can see that the last trade on Mt. Gox was for $109.26. Earlier today, the company temporarily halted its exchange services, causing Bitcoin to plummet . Ironically, the move was made in response to a system overload yesterday, which also significantly devalued the virtual currency. For those who haven’t been following, here’s the timeline of events. Bitcoin started to crash on Wednesday . Mt. Gox was having problems dealing with the load, but...

Full article: http://thenextweb.com/insider/2013/04/12/hours-after-reop...

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thenextweb.com 12 Apr '13, 4am

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