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hl5460 (OP)
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November 07, 2017, 09:01:18 AM
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7 November 2017 Beijing-Pan, a network security engineer, hired Russian hackers to DDOS several bitcoin exchanges in China on the darknet. Then he blackmailed these exchanges, demanding bitcoins to stop the attack. On 27th Oct ,2017, he was sentenced to 3 years in prison with 5,000 yuan fine in Beijing.
http://news.8btc.com/security-engineer-sentenced-to-3-years-in-prison-after-ddosing-china-bitcoin-exchanges-for-66-btc
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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November 08, 2017, 03:18:59 AM
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There are speculation that Yunbi might be the one exchange that refuses to pay ransom.
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