DDOS attack takes down ‘secure’ BitGo bitcoin wallet services

A word of warning to Bitcoin portals: No one is safe.

Several media outlets reported that BitGo, a bitcoin wallet service, was hit by a “massive” distributed denial of service (DDOS) attack last Saturday. The attack, which lasted between four to five hours, caused the company’s servers to completely crash, according to Softpedia.

The bitcoin wallet addressed the attack—an hour after it happened—by tweeting out: “We apologize for the issue, but we’re under DDOS attack at this moment. We’re working on it and will keep you updated.”

BitGo claimed to be “the most secure” bitcoin wallet solution in the market today. Bitcoin users normally have to wait several hours before their digital currency transaction is approved, but BitGo said it has developed a “ground-breaking and extremely secure platform” that allows “near instant Bitcoin transactions.