Weiss Cryptocurrency Ratings Face DDoS Attacks

Weiss Cryptocurrency Ratings reported not being heavily damaged after DDoS attacks the night before the release of highly anticipated cryptocurrency ratings list
25 January 2018   1115

On January 22, we have reported that Weiss Ratings, an independent rating agency of financial institutions, had announced it would issue letter grades on cryptocurrencies, basing them on a model that analyzed thousands of data points on each coin’s technology, usage, and trading patterns.

On January 24, Weiss Ratings reported that the team of the project was busy all night before the release of the ratings trying to avert service attacks from Korea, which were aimed at bringing down the Weiss Ratings website.

Earlier commentary on social media expressed considerable fear we were about to release negative ratings on their preferred currencies. So this may be an attempt to thwart our release today.
 

Martin D. Weiss

Founder, Weiss Ratings

Moreover, the founder of Weiss Rating stated that more than 100,000 unique visitors explored the website within just several hours, almost entirely from Asia, and the Weiss Ratings staff had to expand the server capacity on the cloud many times over in order to handle the volume.

Weiss Cryptocurrency Ratings ExampleWeiss Cryptocurrency Ratings Example

Nevertheless, the attacks did not damage the website and the ratings were successfully released, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, NEM, Litecoin, Stellar, EOS, IOTA, Dash, NEO, TRON, Monero, Bitcoin Gold and many others, causing a lot of controversy and arguments in the cryptocurrency community.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   114

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.