DDoS Attackers Return With Massive Extortion Campaigns in the Wake of Bitcoin...
Threat actors have been finding opportunities in bitcoin’s bullish trend to increase their extortion campaigns. Hackers are actively threatening companies with DDoS attacks unless they pay for bitcoin ransoms. Bull Run Prices Push Extortionists to Increase Bitcoin Ransom Demands According to an alert issued by security firm Radware, there have been several reports between December 2020 and the first week of January 2021 about DDoS extortionists. The firm claims the campaign is part of a global one that started in August last year. However, in the wake of the crypto bull-run seen over....
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Planning on entering the Bitcoin space? You might want to learn some DDoS mitigation techniques before diving in… DDoS attacks against Bitcoin-related websites have resulted in numerous Bitcoin ransoms in recent weeks. At least four bitcoin exchanges and four Bitcoin news websites have came under rudimentary attacks in November. The exchanges and news websites have confirmed DDoS attacks and accompanying extortion letters. While Armada Collective claims to be behind some attacks, other attacks seem to stem from different sources. On November 16, UK Bitcoin exchange BitBargain was attacked....
OKCoin's defense system was put the test on July 10 when a distributed denial of service (DDOS) attack prevented some users from accessing its platform from 17:00 to 17:19. Xin Chen, chief financial architect at OKCoin, told CCN the attackers wanted to influence the bitcoin price, which they succeeded in doing for the short term. "There is an impact on the short-term price of bitcoin from the attacks," Xin Chen said. "The attacks were simultaneously carried on OKCoin, Huobi, Bitfinex and perhaps others. It costs resources to carry out a DDOS attack and it is likely in our estimation that....
The attack comes just one week after a U.K. court ordered the website to stop hosting the Bitcoin white paper. A website aiming to support the development of Bitcoin has reportedly been hit with a DDoS attack.Cøbra, the pseudonymous owner of Bitcoin.org, reported on Twitter today that the website had been hit with an “absolutely massive” distributed denial of service, or DDoS, attack along with a ransom demand for an undisclosed amount of Bitcoin (BTC). At time of publication, Bitcoin.org is still accessible. “Back in the day you could put up a reasonable fight against most DDoS attacks,”....
Extortionist group DD4BC appears to be connected to a new wave of distributed denial of service (DDoS) attacks against organizations in Switzerland, New Zealand and Australia. With the new attacks, the group is seeking 25 BTC from affected parties in exchange for relinquishing the flood of inbound data is issues that renders recipient websites inaccessible. Most recently, DD4BC was named in an 8th May warning published by the Swiss Governmental Computer Emergency Response Team (GovCERT), a division of MELANI, a national agency focused on cybersecurity issues. The warning read: "In the past....
The recent DDoS attack faced by Coinsecure led to a temporary disruption of services. Cryptocurrency platforms across the world are constantly under the threat of various forms of cyberattacks. While the attackers’ intentions may be several, they are generally of no good. Yesterday, Coinsecure — a leading Indian Bitcoin trading and blockchain services company became a target of one such attack. According to the company’s communication to its customers, the platform came under a DDoS attack which forced them to disable most of its services for few hours. The attack on Coinsecure seems to be....