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In this article Mt Gox says that the attacks are to manipulate the currency. My first guess was this was a shakedown; it's not uncommon for organized criminal g
by NelsonMinar 14y ago
In this article Mt Gox says that the attacks are to manipulate the currency. My first guess was this was a shakedown; it's not uncommon for organized criminal gangs to DDOS a site until they pay a ransom. Grey market sites are particularly vulnerable to extortion; online gambling, for instance.
- baby 14y agoWhat kind of sources do you have to back up this theory? Never heard of that before.
- deleted 14y ago[deleted]
- NelsonMinar 14y agoThe main source I've read on DDOS extortion is "Fatal System Error". It's largely about Barrett Lyon's company Prolexic, a company specifically providing DDOS protection for online casinos. But that's just one example, I think there are many more. I have zero specific evidence that there's been DDOS extortion against BitCoin providers, but it sure seems plausible.
- waterlesscloud 14y agoProlexic is also the company providing DDOS protection for MtGox. Source: MagicalTux (person who runs Gox) in freenode #mtgox.
- eli 14y agoHere's a similar example: https://sealswithclubs.eu/currently-experiencing-a-ddos-attack/ https://sealswithclubs.eu/currently-experiencing-a-ddos-atta... And the concept is hardly new: http://news.bbc.co.uk/2/hi/technology/4579623.stm http://news.bbc.co.uk/2/hi/technology/4579623.stm
- kgo 14y agoSome Russians tried this in May 2011 during the last bubble. MtGox was transparent about it. https://bitcointalk.org/index.php?topic=7494.0 https://bitcointalk.org/index.php?topic=7494.0