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Author Topic: Coordianated attack?  (Read 705 times)
twolifeinexile
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April 03, 2013, 02:28:01 PM
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Seems many exchanges is running problems today and yesterday...Some one want to buy bitcoin at a low price I guess.
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potato5491
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April 03, 2013, 03:27:39 PM
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Even more impressive if the speculated attackers are also responsible for the Instawallet controversy.

Going after a widely used wallet service followed by the major exchanges would be a good way to destabilise the bitcoin economy.

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April 03, 2013, 03:31:08 PM
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Perhaps someone is trying to drive the price down for a buy opportunity? Hmmm.
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April 03, 2013, 03:41:53 PM
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Some one want to buy bitcoin at a low price I guess.

nah, this actually will drive up the price as people will trade IRL with an extremely limited supply
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April 03, 2013, 04:11:56 PM
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Some one want to buy bitcoin at a low price I guess.

nah, this actually will drive up the price as people will trade IRL with an extremely limited supply

If history is any indication, a hack generally does not drive the price up. I realise it might seem hard to believe at this point, but not everything drives the price up. Sure, nearly everything does, but there are exceptions  Roll Eyes

I doubt it's a coordinated attack. So far there has been one (1!) confirmed case, as BitcoinCentral + Instawallet + Paytunia is the same company.
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April 03, 2013, 05:06:20 PM
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I doubt it's a coordinated attack. So far there has been one (1!) confirmed case, as BitcoinCentral + Instawallet + Paytunia is the same company.

But isn't it so that if this was an insider job, then there was only one case as the same employee could have gone rogue on all the sites.

However if it was not an insider job, but rather an outside attack, then there was 3 separate cases perhaps with some kind of coordination.
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April 03, 2013, 05:08:54 PM
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I doubt it's a coordinated attack. So far there has been one (1!) confirmed case, as BitcoinCentral + Instawallet + Paytunia is the same company.
However it it was not an insider job, but rather an outside attack, then there was 3 separate cases and since the attacker went after 3 sites belonging to same company it seems that the attacker had some sort of beef with this particular company to choose exclusively their operations to attack, so that in my mind fits the description of a coordinated attack.

What makes you think the back-end systems of these sites were entirely seperate?
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April 03, 2013, 05:11:35 PM
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I think you mean coordinated incompetence. Gox has been struggling under load for awhile now and due to huge prices of both btc/ltc seems logical these 2 sites php web apps would melt after being flooded with trade req

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