As per the post, the web servers for the “Magic” trading platform, were hit with a cloaked HOIC [High Orbit Ion Cannon] DOS attack. Cybersecurity site ‘Imperva’ describes an HOIC DOS ‘attack‘ as stressing a network by “flooding target systems with junk protocol ‘GET’ and ‘POST’ requests.”
Moreover, McAffee ‘tweeted‘ that the web-site was operational once again. In line with the same post, the Magic trading platform permits users to trade on 8 different cryptocurrency exchanges, shadow trade pro crypto traders, and make fiat-to-crypto conversions with an OTC [Over-the-Counter] desk.
John McAffee additionally ‘intends‘ to roll out his own “McAfee Freedom Coin” token very soon. McAfee added that his design for the coin as a scheme to make it solely intrinsically valuable, with no worth derived from the other assets:
“… it’s not based on any commodity neither is it connected to the value or behaviour of any external item or entity. The price of the coin will always be zero in respect to any other currency yet it’s natural market price is free, completely, to grow.”
As reported earlier, the Ethereum [ETH] network also experienced a similar DOS attacks earlier in 2016. Malicious users loaded the network with transactions, inflicting the Ethereum network to introduce a hard-fork in its ‘blockchain‘ to continue its operations.