Hackers plan to turn your Bitcoin INTO A BOMB! Operation Shock and Awe to bring massive DDOS and price drops to Bitcoin exchanges.
A group of hackers is planning on a massive campaign to drop the price of Bitcoins for fun and profit.
According to a pastebin post, hackers are planning to unleash “Operation Shock and Awe”, a campaign to distribute negative news articles in conjunction with a massive sell-off and DDoS campaign on all bitcoin exchanges except one. Using this one remaining exchange, the plan is to buy up remaining coins for cheap, cheap, cheap and then profit when it goes up.
From the post:
15:30-15:45 UTC – Spread bogus AP press releases to 50+ national US and British media outlets and 100+ local outlets indicating exchange site Mt. Gox under investigation by Japnese government for securities fraud, with seizure and asset freeze soon 15:45-16:00 UTC – After initial publication of bogus AP press releases, spam story on reddit and upvote with sock accounts, spread panic in comments using sock accounts 16:00 UTC – Several sellers lined up for a coordinated dump of 250,000+ BTC which will crash the price to under 100 to correlate in time with publication of bogus AP reports 16:10 UTC – Massive coordinated http packet flood (distributed F5) from botnet of 1,000,000+ compromised machines on the following sites: – https://www.mtgox.com – https://btc-e.com – https://www.coinbase.com – https://www.bitpay.com – https://www.bitinstant.com – https://www.bitcoitalk.org – http://s2.bitcoinity.org – http://bitcoinium.com/ – http://bitcoincharts.com/ 16:30 – 17:00 UTC – During the ddos, buy only from Bitstamp which will not be included in the ddos but was included in the coordinated dump. 17:00 UTC – Stop ddos, buy as much cheap bitcoin from MTGOX as possible as quickly as you can 17:00 or later – Bogus AP reports will be corrected / debunked as hoax, price will rebound Potential profit 200-300%
These sound like scary dudes, I think we should be very afraid.
Simon Gendreau
April 24, 2013 @ 10:54 am
Very funny. So now, let them do this and wait like I have always done since day one (do nothing), and make profits !!!!!.
sarmen b
May 3, 2013 @ 12:57 am
in soviet russia bomb turns into computer.
seahen
September 5, 2013 @ 6:28 pm
The old “short and distort” scam. I bet at least one country will spend money investigating this if it happens, and at least one person will be arrested.