Criminal ddos in progress?

[EuroTrash]

BitcoinCharts --> "502 bad gateway" 2 times out of 3
BitcoinTalk --> randomly times out on me
Gox --> massive API lag and price dropping quickly

It looks to me like the pattern we saw before:

1. rogue trader rents botnet for Ddos
2. rogue trader starts his Gox bots to dump and bring price down and lag time up quickly
3. rogue trader starts botnet to ddos both BitcoinTalk and BitcoinCharts
4. people panic sell
5. rogue trader buys it all
6. rogue trader profits.

Your thoughts on it?

[wopwop]

My thoughts:

Many many people hurrying to mtgox to do their thing

Not an actual ddos attack
MtGox just blames it like that cuz they dont see the difference from their end

[humanitee]

I don't conspiracy much, but I do believe this is the worst DDOS yet.
At first I thought it was Gox being crappy again, but when the forums and Bitfloor went down I thought otherwise.

[flaab]

Criminal rogue might want to pump and dump his coins only.

[wopwop]

1 problem with this idea

The dumping started 20$ before this 'lag' started

and I was a seller at 260$ MUHAHAHAHAHHAA

[wtfvanity]

Bitfloor was toast there for a bit their web, api and web socket.

[flaab]

It might be the FED selling his massive amounts of coins to later use the press to criminalize it.

[Richy_T]

1 problem with this idea

The dumping started 20$ before this 'lag' started

Got to get some downward momentum first...

[w00t]

When I saw bitcointalk timing out and giving weird errors I knew it's been on purpose.

The hoster of bitcointalk has most likely huge experience with ddoses so this must have been above average.

[Rothgar]

1 problem with this idea

The dumping started 20$ before this 'lag' started

That supports the idea.  The attacker would dump in clear trading in order to buy back in the confusion that the DDOS would bring. 

[fcmatt]

what?  you do not like being played by the russian mob?

[HATA28]

Completely agree on the fact that something isn't right here.
But well, it ain't so bad to let the panic sellers sell, might make us stronger in the end

Okay, bitcoinity.org is down aswell.
Someone is manipulating the market badly

[doobadoo]

....
4. people panic sell
5. rogue trader buys it all
6. rogue trader profits.

Your thoughts on it?

What if his selloff triggers a much bigger crash.  Like one down to $100 or less.   So where does the rogue buy?  how does he know the level.   So he buys a ton at $200, then watches it crash to $100.   Sounds like a loss to me.


No, all the sites are going down b/c all the noobs are panicing and dumping.  People see the price drop and they check the forums to see if there is another glitch or something happening.  Forums crawls, Gox crawls, wouldn't be surprised if buttcoin.org start crawling.

[Bitcoinreminder.com]

Maybe there was a big speculator which is frightened because of mt gox new order model ^^

[alphadude]

What's up?
I'm not logging in to gox when it's looking like this:
https://i.imgur.com/1elLjCA.png

[bitster]

This is clearly a ddos cheap coins today!

[inbox]

.

[JordanL]

When I saw bitcointalk timing out and giving weird errors I knew it's been on purpose.

The hoster of bitcointalk has most likely huge experience with ddoses so this must have been above average.

No, this forum doesn't have great hosting. This is most likely being caused because all of us are refreshing every 5 seconds, just like MTGOX.

[w00t]

When I saw bitcointalk timing out and giving weird errors I knew it's been on purpose.

The hoster of bitcointalk has most likely huge experience with ddoses so this must have been above average.

No, this forum doesn't have great hosting. This is most likely being caused because all of us are refreshing every 5 seconds, just like MTGOX.

Care to explain? From what I understand they are hosted at nforce.com which does have a lot of experience with questionable content and thus DDoSes.

Not to mention that 320Gbps connected capacity is not bad...

[FenixRD]

Occam's razor and corollary, Hanlon's razor, my two favorite complementary logic tools. It'll be easy to say for sure what happened after the sites are in the clear but for now, I vote place limit orders and buy up coins. Most wished they had more a few hours ago. Nothing changed that much except we are reminded that humans are scared of the "dark" at all ages.

I do think there has been a DDOS, and it is interesting that even the forum is sluggish. But Twitter and Reddit is on fire with Bitcoin Crash topics. It's the combination of how info spreads in today's world, with the fact that it is worth significant money. So we effectively take a DDOS on Gox and make our own, twice as strong, and spread it to the whole Bitcoin ecosystem. The only site that has been hit for certain is Gox and Bitcoincharts. Those create massive panic in tandem. Maybe other exchanges too, but then if all of Gox traffic shifts to what is normally a collective 15%, they may react poorly as well. I'll be most interested of all in talking to Roman at Bitfloor. They took a hit which is very unusual. Recent upgrades didn't hold up, or DDOS there too?