World’s Largest Bitcoin Market, Mt. Gox, Suffers DDoS Attack

By  |  April 4, 2013
 | 

Mt. Gox, the world’s largest Bitcoin market, said it’s was forced offline yesterday by an ongoing Distributed Denial of Service (DDoS) attack, VentureBeat reports.

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    Mt. Gox wrote on its Facebook page that the attacks may be an attempt to “destabilize Bitcoin in general” or “abuse the system for profit.” Mt. Gox handles more than 70 percent of all Bitcoin trades in the world, and Bitcoin value dropped by around $30 in the aftermath of the attack.

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    Bitcoin wallet service Instawallet shut down “indefinitely” yesterday after undergoing attacks as well.

    Read the full story here.


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