Exchange Halts Payouts as DDoS Attack Pummels Bitcoin
A second major bitcoin exchange suspended withdrawals on Tuesday, amidst widespread attacks on the vast software system that drives the digital currency.
Bitstamp, an exchange based on Slovenia, says that it suspended Bitcoin withdrawals due to “inconsistent results” from its online bitcoin wallet caused by a denial-of-service attack, according to a post on the exchange’s Facebook page. “Bitcoin withdrawal processing will be suspended temporarily until a software fix is issued,” the post reads.
The news comes a week after the Tokyo-based exchange Mt. Gox suspended Bitcoin payouts, blaming a known bug in the bitcoin software. At the time, outside observers turned the blame on Mt. Gox’s accounting software, but it turns out that the company isn’t the only exchange struggling to cope with the bug.
