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

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.

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.

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

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