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Bitcoin hit by denial-of-service attacks as regulators prepare clampdown

Section: Daily Dispatches

By Emily Flitter and Douwe Miedema
Reuters
Wednesday, February 12, 2014

Bitcoin is being hit by attacks from unknown computer hackers who are sending "mutated" lines of code into the program that runs the virtual currency, a spokeswoman from its main trade organization said in a statement on Tuesday.

The attacks are responsible for problems experienced by two bitcoin exchanges that caused them to temporarily halt withdrawals by customers who stored bitcoins in digital wallets provided by the exchanges, the Bitcoin Foundation said in a statement.

"This is a denial-of-service attack," said the spokeswoman, Jinyoung Lee Englund. "Whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It's important to note that DoS attacks do not affect people's bitcoin wallets or funds." ...

... For the full story:

http://www.reuters.com/article/2014/02/12/us-usa-bitcoin-idUSBREA1A20X20...



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