are you think there is a possibility MT GOX version 2?

[Franciem]

D-DOS attack everywhere

http://cointelegraph.com/news/115562/biggest-bitcoin-exchange-okcoin-suffers-cyber-attack-price-plummets
http://cointelegraph.com/news/115561/kraken-ddos-attack-leaves-traders-unable-to-sell-at-500-peak

are you think there is possiblity MT gox version 2 ?

[1714746804]

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[Velkro]

D-DOS attack everywhere

http://cointelegraph.com/news/115562/biggest-bitcoin-exchange-okcoin-suffers-cyber-attack-price-plummets
http://cointelegraph.com/news/115561/kraken-ddos-attack-leaves-traders-unable-to-sell-at-500-peak

are you think there is possiblity MT gox version 2 ?

This wouldn't cause MT Gox 2... bankcrupcy of one of the biggest exchanges now could do this, bitstamp? bitfinex?okcoin? etc.

[avatar_kiyoshi]

D-DOS attack everywhere

http://cointelegraph.com/news/115562/biggest-bitcoin-exchange-okcoin-suffers-cyber-attack-price-plummets
http://cointelegraph.com/news/115561/kraken-ddos-attack-leaves-traders-unable-to-sell-at-500-peak

are you think there is possiblity MT gox version 2 ?

This is why keep your money on exchange is the worst decision, the technology is always be grow, moreover hacker is became more smart, the security developer is need more improve their ability.

[Lauda]

I never understood how people even come up with these thoughts. You should not be a pessimist. Realistically there is always a possibility of that. However, no exchange is comparable to Mt. Gox at the moment I believe. The more exchanges that we have (that are being actively used), the less of a impact one could have if something bad happens there. I also do not understand why people are afraid of DDoS. I have (successfully) conducted DDoS a few times, albeit on my own equipment and website(s). This is just a temporary setback, nothing to be afraid of (image a traffic jam).

[LiteCoinGuy]

alot of attacks. still early days. far better than in 2013 but still early.

I think we will reach a point where there are so many exchanges that you dont see a meaningful effect on the price if something bad happens at one exchange.

Addtionally: Is Nasdaq or NYSE hacked every 2-3 months?

[ebliever]

No.

1. No single exchange dominates BTC like Gox did in its heyday.
2. The exchanges today have better security and are a great deal more professional than Gox.

#2 is not air-tight, but #1 is a solid reality.

[Franciem]

This is why keep your money on exchange is the worst decision, the technology is always be grow, moreover hacker is became more smart, the security developer is need more improve their ability.

I think only traders keep their money on them to be able to try and make a profit whenever possible, part of the risk for reward I guess.

agree with you, only "daily trade" who hold his bitcoin at exchanger

This wouldn't cause MT Gox 2... bankcrupcy of one of the biggest exchanges now could do this, bitstamp? bitfinex?okcoin? etc.

anyway MT.Gox get hacked before bankcrupcy am i wrong ?

[NorrisK]

You think an exchange is illiquid when they are being ddos'd? Sounds a bit dramatic to me..

You will probably see way more ddos of prices continue to soar. Some people might be able to make profits from it.

[Raimonn]

I think that is not possible another mtgox scandal, some exchanges could have problems of liquidity, dos attacks and other problems. But what mtgox made was stole users bitcoins.

[Slark]

There is always possibility of failure or a scam if we are dealing of centralized service. We will never be free from that thought.
And bitcoin seems to be magnet for whole bunch of shady entrepreneurs too. Mt.Gox was the biggest exchange of its time, we don't have that big volume exchange anymore.
So if any of smaller exchanges fell it will be not big deal.

[Franciem]

There is always possibility of failure or a scam if we are dealing of centralized service. We will never be free from that thought.
And bitcoin seems to be magnet for whole bunch of shady entrepreneurs too. Mt.Gox was the biggest exchange of its time, we don't have that big volume exchange anymore.
So if any of smaller exchanges fell it will be not big deal.

please ceck huobi,okcoin and other chinese market  (http://coinmarketcap.com/currencies/bitcoin/?markets=all#markets)

[jubalix]

it will go on forever with centralised exchanges

[davinchi]

Both of the news are very bad for bitcoin community and bitcoin ecosystem. I personally do not like any MTGOX2.0 anymore. Past should be the past, there should not be any similar events to that MTGOX in future.

[mixan]

This is the cause of all this happening in the last 24 hours?
I saw it yesterday on my bitspotty ticker almost reach $500, but it was stuck at $499.40, so not quite enough to push it over the edge of that critical mid-mark to $1000.
I was hoping that it would but this would explain it.

[dothebeats]

This is the cause of all this happening in the last 24 hours?
I saw it yesterday on my bitspotty ticker almost reach $500, but it was stuck at $499.40, so not quite enough to push it over the edge of that critical mid-mark to $1000.
I was hoping that it would but this would explain it.

Nah just corrections and retraces but not related to any other hacking events or potential Mt. Gox 2.0. Even if an exchange did just that, there would still be enough interest on bitcoin to push forward and it would give little to no effect in the whole pricing of bitcoin.

[7788bitcoin]

Definitely a possibility of greedy people trying to repeat something like that. Hope it will never happen again.

[Kprawn]

Bitcoin was once again dragged into this too ---> http://www.newsbtc.com/2015/11/06/barrage-of-ddos-attacks-bring-down-protonmail-6000-in-bitcoin-ransom-paid/

It looks like the DDOS attacks are starting to enter the ransome arena now and exchanges will be the best possible target in the future.

The conspiracy theory is this ---> " In short, ProtonMail was likely attacked by two separate groups, and the second group exhibited capabilities which are possessed commonly by state-sponsored actors. "

[Cereberus]

Conspiracy theories I would imagine to drag it down even further. It seems to be working which is sad for bitcoin.

[randy8777]

everything is possible. we mostly only find things out when it is too late. as long as they are paying out and letting people withdraw bitcoins then it's just fine.

[cjmoles]

I think that there were many people who made some super amazing profits off of the price spikes during the Mt Gox incident.  Am I wrong?  But the whole debacle did create this skepticism that we read about often.  It is always prudent to be leery of what the market is doing and why it's doing it.  There were several indicators that there was something wrong with Mt Gox before the big freeze....so, always, always try to understand what the markets doing before you make big decisions with your coin.  That's all one can do.