Hit With DDoS Attack, Bitcoin Demanded as Ransom – Yahoo Finance,-bitcoin-demanded-as-ransom-–-yahoo-finance

Shortly after being entwined in a legal decision in the U.K., the website has faced another battle, this time on the technical front.

According to the site’s pseudonymous operator, Cobra, was hit with an “absolutely massive” distributed denial of service (DDoS) attack. CoinDesk was able to access the site without issue.

Decrypt reported on Monday that attackers had demanded 0.5 bitcoin ($17,012) to have the site’s services and operations restored to normal.

Related: UBS Says Regulatory Crackdown Could Pop ‘Bubble-Like Crypto Markets’: Report

CoinDesk attempted to contact Cobra to discuss the issue but did not hear back by press time.

DDoS is a type of cyber attack that targets a site’s host or its infrastructure by flooding the host with request traffic that then overwhelms the system and renders it inoperable.

The attack is the latest development for the site, which is designed to educate and instruct others on how to buy and sell the crypto.

Last week, London’s High Court awarded nChain Chief Scientist Craig Wright a default judgment because Cobra, not wishing to reveal their true identity, decided not to show. The court ruled that discontinue hosting its copy of the Bitcoin white paper.

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About the Author: Kate