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Bitcoin exchange Mt. Gox suffered large DDOS attack yesterday

Bitcoin exchange Mt. Gox under attack from hackers

| Hacking & Security News | Posted: Apr 12, 2013 5:01 pm

In the past 48 hours, life has been pretty stressful for those invested in the virtual currency Bitcoin. On Wednesday the Bitcoin exchange Mt. Gox experienced a massive crash that led to the Bitcoin losing half of it's value. Then yesterday Mt. Gox announced a 12 hour suspension in trading to upgrade servers, and let investors calm down over the crash.

 

TweakTown image news/2/9/29686_1_mt_gox_suffered_large_ddos_attack_yesterday.png

 

This morning we got word that before yesterday's shutdown, Mt. Gox was also attacked by hackers when it experienced a massive DDOS attack. This is the second large cyber-attack on the exchange in less than a week, which should fuel speculation about the security of investing in a yet-to-be vetted virtual currency.

 

Skeptics of Bitcoin will be quick to point out the fact that it will be hard to validate the new currency until the market is secure from such attacks, and measures are implemented to prevent such massive sell-offs. The debate over Bitcoins has come up a lot in the past few weeks, and I want to know your feelings on the "currency of the future". Leave me a comment or send me an email.

NEWS SOURCES:Venturebeat.com

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