Tuesday, November 26, 2013

DDOS Attacks Used to Extort Bitcoin Dealers and Even Manipulate Market?

"In April, Mt. Gox got clobbered via DDoS. The point, the company speculated, was to destabilize Bitcoin, and fuel panic-selling. '
Attackers wait until the price of bitcoins reaches a certain value, sell, destabilize the exchange, wait for everybody to panic-sell their bitcoins, wait for the price to drop to a certain amount, then stop the attack and start buying as much as they can:'” Wired


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