American Bitcoin Exchange CampBX Combats DDOS Attack
Georgia-based CampBX has been having issues with their service since at least Thursday of last week, according to tweets transmitted by the crypto-currency exchange. Beginning on the 3rd of July, the company took to social media to report that their service was dealing with a DDOS attack. For those unfamiliar, a DDOS is a distributed denial of service attack. An attack of this nature overwhelms a target server/s with requests, making the service slow or even unreachable by legitimate users. A D-DoS attack is in progress. We are working to mitigate it. - CampBX - Bitcoin (@CampBX) July 3,....
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Bitcoin exchange BTE-C has reported via its official Twitter account that it is, at this time, experiencing a DDOS (distributed denial of service) attack that may or may not be affecting all services. The uncertainty comes from the lack of explanation from BTC-E. The tweet, which only reads "DDos #btce" (pictured above), seemingly speaks for itself, however. Bitcoin exchanges are often targets of DDOS attacks, but many have learned to deal with these situations as a result of being victims multiple times (see Mt. Gox). More updates as they become available.
According to an interview with CampBX's CEO back in May of 2013, CampBX has always aimed to be the premier regulatory compliant US-based fiat-Bitcoin exchange in the world. They have successfully registered as a money transmitter on both the federal level and the state level and they are based in Alpharetta, Georgia. CampBX's CEO claims to spend between sixty and seventy-five percent of funds on regulatory compliance and has revealed that several thousand users have already failed CampBX's verification process. CampBX files quarterly reports including suspicious activity and large....
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