Threat Alert: Bitcoin Exchanges and Websites Experiencing DDoS Attacks

by Daniel Smith

Over the last several months, our ERT Research team has noticed a growing trend of attackers targeting Bitcoin exchanges and websites that deal with Bitcoin directly. These websites are increasingly becoming the target of denial of service campaigns for a number of reasons. First, they are mainly targeted by extortionists, but they are also experiencing attacks from competition and user aggression.

Bitcoin-related sites attract a lot of attention and demand from their users, but this also plays against them. This dedicated user base requires instant access and live updates about market conditions and the current value of Bitcoin. When these services go down, thousands of users are left locked out of their accounts, which can result in reputation damage or financial loss for their users. This is also why extortionists choose to target these sites; not only do they have Bitcoin on hand, but some are not willing to go offline even for a moment due to the fear of losing clients.

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