12 Apr '13, 5am

Bitcoin exchange Mt. Gox taken offline yet again by ‘stronger than usual’ DDoS attack

Bitcoin exchange Mt. Gox taken offline yet again by ‘stronger than usual’ DDoS attack

Leading Bitcoin exchange Mt. Gox has been knocked offline in another distributed-denial-of-service (DDoS) attack just hours after the exchange re-opened following a huge Bitcoin price decline. “We are experiencing a stronger than usual DDoS,” Mt. Gox wrote on its Facebook page. “We are working [on] it.” Mt. Gox is vital to the Bitcoin ecosystem, but it is also currently the biggest hurdle to its legitimacy . About 70 percent of Bitcoin trades are processed by Mt. Gox, and Bitcoin prices are mostly measured from Mt. Gox’s market price. More than 20,000 new accounts are now signing up for Mt. Gox accounts daily. Yet it has trouble processing trades during high-activity periods. The exchange voluntarily shut down for 12 hours on Thursday after a particularly bad Wednesday when the price of Bitcoin collapsed more than 40 percent in six hours . Mt. Gox said it would use this do...

Full article: http://venturebeat.com/2013/04/11/bitcoin-exchange-mt-gox...

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