MtGox faced 150,000 DDOS attack per second 3 days before suspending withdrawal
A Japanese newspaper is reporting that MtGox Bitcoin exchange faced a massive DDOS attack for several days ahead of its spectacular collapse.
The Japan News by Yomiuri Shimbun reports that the attacks faced by MtGox beginning from February 7, reached 150,000 denial-of-service attacks a second. The attacks mostly originated from servers in the United States and Europe. ” The company suspended Bitcoin withdrawals on Feb. 10.”
Under DDOS attacks, hackers hijack a large number of computers to send a flood of data to the target, crippling its computer system. “Although the DDoS attacks failed to shut down Mt. Gox’s system, subsequent attacks targeted flaws in its system, stealing a massive amount of bitcoins,” the newspaper said. “DDoS attacks can be done without high-level hacking techniques,” Japan News continued by citing Tetsutaro Uehara, a professor of information security at Ritsumeikan University.
MtGox’s lawyers stated that 750,00 Bitcoins belonging to the exchange’s customers along with 100,000 Bitcoins owned by the exchange had gone missing.
MtGox is being investigated in Japan and U.S.