Feeds

Mt Gox fielded MASSIVE DDOS attack before collapse

Report in Japan says '150,000 hits per second'

The essential guide to IT transformation

A Japanese newspaper is reporting that during the spectacular collapse of the Mt Gox Bitcoin exchange, the operation's servers were also suffering a large-scale DDOS attack.

The Yomiuri Shimbun's English-language Japan News reports that the attacks in early February reached 150,000 DDOS hits per second, “mostly from servers in the United States and Europe”.

Japan News notes that it doesn't require any special skill to launch a DDOS attack, citing Tetsutaro Uehara, a professor of information security at Ritsumeikan University: “DDoS attacks can be done without high-level hacking techniques.”

Referring to attacks on Slovenian Bitstamp and Canada's Flexcoin, Uehara said: “It is possible that copycats turned their eyes on other exchanges after weaknesses in Mt. Gox’s system were found.”

By February 10, Mt Gox threw its hands up in the air and suspended Bitcoin withdrawals. It later emerged that attackers had found a way to exploit the Mt Gox code to steal 850,000 Bitcoins worth hundreds of millions of dollars.

Of the stolen Bitcoins, 750,000 belonged to customers and 100,000 were Mt Gox's own holdings.

Mt Gox is under investigation in the US and Japan. ®

Next gen security for virtualised datacentres

More from The Register

next story
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Germany 'accidentally' snooped on John Kerry and Hillary Clinton
Dragnet surveillance picks up EVERYTHING, USA, m'kay?
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
Who needs hackers? 'Password1' opens a third of all biz doors
GPU-powered pen test yields more bad news about defences and passwords
Think crypto hides you from spooks on Facebook? THINK AGAIN
Traffic fingerprints reveal all, say boffins
Rupert Murdoch says Google is worse than the NSA
Mr Burns vs. The Chocolate Factory, round three!
Microsoft cries UNINSTALL in the wake of Blue Screens of Death™
Cache crash causes contained choloric calamity
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.