Re:Bitcoin payment processor BIPS compromised, 1295 BTC stolen
by jakejake on Monday November 25, 2013 @04:52PM
(#6797331)
I've heard of DDoS attacks used to divert the admins attention while a real attack is occurring. Also I know packet flooding can cause some network hardware to switch into a lower security mode in an attempt to handle the load. I'm not sure if either of those apply in this case, though. I definitely am not a network or security expert.
[ Parent
| on HN ]
Re:Bitcoin payment processor BIPS compromised, 1295 BTC stolen
by meowface on Monday November 25, 2013 @04:54PM
(#6797347)
Right, they're used as distractions fairly often. The rest of the explanation makes no sense though; that is, I don't see how the DDoS would then "make the system vulnerable" to Bitcoin theft. Unless it was something like where the attackers already had access, but most everything was kept in cold storage and they wanted to force them to move a lot of BTC into their live wallets.