Bitstamp restores service after targeted attack

Bitstamp restored service to its Bitcoin exchange this morning, four days after suspending withdrawals in the wake of an attack on its network that raised new concerns about the security of digital currency exchanges. “After rigorous testing, we have restored fully automated processing for Bitcoin withdrawals,” the exchange said, according to the Wall Street Journal. Meanwhile, Mt. Gox said it has suspended deposits while it investigated a denial-of-service attack on Bitcoin’s core infrastructure.

The problems stem from a vulnerability known as “transaction malleability,” which refers to an issue that would allow a user to alter transaction details to make it seem as if a transfer failed when it had actually succeeded. This week,…

Continue reading…

The Verge – All Posts

Leave a Comment