Hacker News Reader

Not sure about this incident, but I recall there was an incident earlier this year or late last year where there was major price action and evidence of someone DDOS'ing some exchanges.

And if not DDOS, it's entirely possible that these exchanges are not able to handle the rush of people logging in to buy the dip. I don't think any of these exchanges have the throughput of something like NASDAQ, not yet anyway.

Crypto is a really really new market —- expect exchanges to go down, have flash crashes, be complicit in manipulation, have terrible customer services, and maybe even lose customer funds.

I have seen comments that there is sometimes heavy DDOS attacks on the various bitcoin exchanges during intense price movements. Don't know much beyond that.