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re: Bitcoins were hacked yesterday?

Posted on 4/4/13 at 11:41 am to
Posted by Korkstand
Member since Nov 2003
28746 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 Lsut81
Member since Jun 2005
80365 posts
Posted on 4/4/13 at 11:43 am to
quote:

it is simply an attacker using a botnet to overload a website


Great, so everyones fake money is still good?
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 4/4/13 at 12:28 pm to
quote:

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.


Looks like Russian finally figured out a way to short bitcoins.
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