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Bitcoins were hacked yesterday?

Posted on 4/4/13 at 11:12 am
Posted by Lsut81
Member since Jun 2005
81460 posts
Posted on 4/4/13 at 11:12 am
I thought this wasn't possible

quote:

Online currency bitcoin had 20 percent knocked off its price overnight on Thursday as one of its major exchanges became the victim of a hacking attack leading to a sell-off in the virtual currency after reaching an all-time high.

Uncertainty over other currencies, turmoil in Cyprus and media interest are just some of the reasons commentators are citing for the 360 percent rise in bitcoin prices over the last month. The frenzied interest in bitcoins piled over onto the social media site Twitter and led to a spike in Google searches on the topic.

But by Thursday morning bitcoin prices had fallen to $132 from Wednesday's record price of $147.

The most popular bitcoin exchange, Tokyo-based Mt.Gox announced overnight that it had been the victim of a hacking attack after experiencing a severe lag with its systems. The complications meant the price quickly sank to below $115 before regaining ground to $130 by 6.00 a.m. London time on Thursday, according to Bitcoincharts.com.


LINK
Posted by Broke
AKA Buttercup
Member since Sep 2006
65142 posts
Posted on 4/4/13 at 11:31 am to
quote:

I thought this wasn't possible


NOW you have to do transactions peer to peer. That's what you'll hear from the proponents.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
43309 posts
Posted on 4/4/13 at 11:32 am to
Extremely possible. As i've said before, I know of one guy who had 50k+ worth of bitcoins hacked a while back.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
77549 posts
Posted on 4/4/13 at 11:39 am to
Posted by Korkstand
Member since Nov 2003
28893 posts
Posted on 4/4/13 at 11:41 am to
quote:

Bitcoins were hacked yesterday?

No, it was a DDoS.
quote:

I thought this wasn't possible

DDoS' happen every day to many websites, and it is simply an attacker using a botnet to overload a website. Usually the goal is to cost the victim money due to website down time (in effect holding it hostage), but in this case the goal was to create a panic sell-off.
Posted by AUtigerNOLA
New Orleans, LA
Member since Apr 2011
17113 posts
Posted on 4/4/13 at 12:08 pm to
Are they coming out with Bitcoins ATM?
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