DDoS Attacks Target BitGo and Other Bitcoin Wallet Services
Whether or not this is a coordinated attack against Bitcoin wallets, is difficult to say. Users should always move their funds to a wallet under their full control, rather than relying on third-party services. BitGo, the world’s most secure Bitcoin wallet solution in existence today, is facing a strong DDoS attack. The team is working on resolving the issue, but all of the services making use of the BitGo platform will be affected by delays and errors. Distributed denial of service attacks are not that uncommon in the world of Bitcoin. Or to be more precise, they often seem to target....
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Wirex, a bitcoin debit card provider, sent an email to customers today advising them to avoid making transactions on the Wirex platform until it could confirm from that BitGo services have been resumed. The message included a BitGo tweet advising users it was under a distributed denial of service (DDoS) attack. BitGo is a wallet and a security platform for bitcoin and blockchain technologies. “We, therefore, recommend to avoid making any transactions via E-Coin/Wirex platform until confirmation from BitGo that the services have been resumed,” the Wirex email noted. The BitGo tweet stated:....
"Don't put all your eggs in one basket." A saying that most of us are familiar with. For those who don't know about it, it means don't be completely dependent on only one thing without factoring in the redundancies and contingencies. The same holds good for bitcoin industry as well. The bitcoin platforms are targeted regularly by hackers and they also attract a lot of DDoS attacks. In order to prevent unauthorised access and DDoS attacks bitcoin companies, both big and small depend on third party applications, in addition to their own security features. CloudFlare is one such service....
A number of users have taken to social media to report issues with their Blockchain.info wallets on Monday. The reason, according to Blockchain, relates to what has been described as "higher than usual traffic volumes due to DDoS [distributed denial of service] attacks" on the company's servers. Upon this writing, the website presents the following message: Blockchain.info is currently down for maintenance. For status updates please see Twitter. Apologies for any inconvenience. The company took the opportunity to remind users that their wallets were safe, but made the suggestion that all....
AntPool, BW.com, NiceHash, CKPool and GHash.io are among a number of bitcoin mining pools and operations that have been hit by distributed denial-of-service (DDOS) attacks in recent days. The incidents appear to have begun in the first week of March. For example, on 11th March, AntPool owner Bitmain sent an email to customers disclosing the DDOS attacks and advising external pool users to set up failsafe pools in the event of an outage. According to many of the companies affected by the incidents, those behind the attacks demanded payment in bitcoin in return for stopping the attacks.....
BitGo is announcing they are beginning to offer their services free for individuals. This news comes packed with several updates across the board. BitGo is adding features needed by enterprise customers; these include secure wallet sharing, address labeling and management. On top of it all they offer advanced audit capabilities like transaction memos. These robust features keep BitGo ahead of the pack in security and usability. Also Read: BitGO's Bitcoin Wallet Now Backed by World-Class Insurance. BitGo Free for Individuals. From their release: BitGo®, the leader in bitcoin security, today....