mtgox under attack

[ineededausername]

Giant buys are being placed, then canceled.

[1715403073]

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[bittenbob]

It seems someone is making an effort to cause problems at Gox. I am waiting for my orders to be executed and the charts make no sense at all (history keeps changing).

[bittenbob]

I believe this was probably a MITM attack from someone wanting to have fun with all the daytraders. Someone probably was dropping any packets from MTgox and sending their own to make it look like the price was going haywire.

[ineededausername]

It appears to have been real.. gox reporting 6.95 high

[bittenbob]

All those lines disappeared so the rally may very well have been caused by the charts going haywire. There were a lot more swings between 6 and 7 before it was "corrected".

[kjj]

Actually, gox just uses a queue with timestamps.  Their order matcher can fall behind during busy times.

When the queue is busy, everyone sees huge price swings and they try to place orders, but their orders are going to the queue, not the market.  The swings you are seeing right now on mtgoxlive.com are at least several minutes old already, possibly much older, and everyone frantically clicking their trade buttons and the bots scrambling to make sense of things are just making it worse.

[giszmo]

oh!! I like that. I mean I like being in and staying in and just not bother about all that panic.