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DDoS cyberattack hit – Bitcoin ransom demanded Hit With DDoS Cyberattack – Bitcoin Required as Ransom

Cyberattack has been increasing as cryptocurrency adoption increases. Soon after being twisted in a legal decision in the U.K., the website suffers another battle; this time on the technical front.

As per the site’s pseudonym operator, Cobra, is being attacked with an “absolutely massive” distributed denial of service (DDoS) attack.

Decrypt reported last Monday that the cybercriminals demanded 0.5 bitcoin (BTC, +1.43%) ($17,012) to have the site’s services and operations restored to normal.

CNWN tried to contact Cobra to discuss the issue but did not hear back by press time.

DDoS attacks a site’s host or its infrastructure by flooding the host with request traffic; which then overwhelms the system and renders it inoperable.


The cyberattack is the most current development for the website; intended to educate and instruct others on buying and selling 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, chose not to show. In addition, the court ordered that discontinue hosting its copy of the Bitcoin white paper.

Cyberattacked increased risk as businesses digitalise


In late May, a ransomware organization attacked JBS’s information technology systems globally; shut down sales and lot feeding operations across Australia and the United States. As a result, this meant incoming cattle could not be enlisted into the system.

In Australia, six sites had to close, including meat processing plants in Queensland, Victoria, New South Wales, and Tasmania. Thousands of employees were stood down as well.

The FBI connected the attack to Russian-linked hacking group REvil, also known as Sodinokibi.

Days later, JBS had succeeded in recovering its system; but still decided to pay the cybercriminals its $11 million ransom as “insurance” to protect customers.

The incident elevated attention on food supply shortages across the broader population and revealed weaknesses in existing supply chains.

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