12 Apr '13, 5am

DDoS cripples Bitcoin exchange Mt. Gox after trading resumes

Update at 6:15 a.m. PT Friday: Bitcoin's tumble continued after trading resumed. As of now, the digital currency is trading at $69. Less than two hours after the resumption of Bitcoin trades following a lengthy suspension, currency exchange Mt. Gox is offline, the apparent victim of a distributed-denial-of-service attack. "We are experiencing a stronger than usual DDoS," the Tokyo-based exchange said tonight in a Google+ post. "We are working in it." Mt. Gox , which handles three-quarters of the trades in the digital currency, announced a suspension of trading this morning after a rollercoaster trading day yesterday that saw Bitcoin's valuation drop 61 percent before recovering a bit with a 37 percent loss. The decentralized digital currency, which had quadrupled in value in the past four weeks, traded as high as $266 per Bitcoin yesterday before a dramatic correction trim...

Full article: http://news.cnet.com/8301-1023_3-57579247-93/ddos-cripple...

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DDoS cripples Bitcoin exchange Mt. Gox after trading resumes

DDoS cripples Bitcoin exchange Mt. Gox after tr...

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