Bitcoin Suffers A Correction Amid Apparent DDOS Attacks On Some Exchanges

TechCrunch
Apr. 11, 2013

Latest: MtGox victims of their own success, not DDOSThe Tokyo-based exchange said last week that hackers are engaging in a strategy to manipulate the price of the currency: “Attackers wait until the price of Bitcoins reaches a certain value, sell, destabilize the exchange, wait for everybody to panic-sell their Bitcoins, wait for the price to drop to a certain amount, then stop the attack and start buying as much as they can. Repeat this two or three times like we saw over the past few days and they profit.”

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