Categories: FinanceNews

Anonymous Shuts Down Bank of Greece Website

As if the people in Greece did not have enough banking concerns to worry about just yet, hacktivist collective Anonymous has shut down the Bank of Greece website with a DDoS attack. Bitcoin users in the country will not be bothered by this situation, though.

Anonymous Shuts Down Bank of Greece Website

Everyone in the world knows how Greece is going through a lot of financial turmoil right now, and there does seem to be any improvement in sight just yet. To make matters worse, the Bank of Greece website was shut down yesterday due to a DDoS attack executed by Anonymous. This attack is part of a protest against the global corruption in finance.

A DDoS attack is a very effective way to shut down websites and centralized platforms, which the financial world has more than plenty of. A lot of people have taken offense to the way banks and other financial players go about their day-to-day operations, and something has to change at some point. Whether or not shutting down these websites is the right way to go about things, is a topic for a different discussion.

However, this attack by Anonymous is another stark warning to the financial sector that people are revolting against the master-slave relationship banks have with consumers. The chain is being yanked by the banks at every given turn, and the customer will only take so much before they start to fight back. That is, unless banks are willing to change, which does not seem to be the case for the time being.

Related Post

Unfortunately for customers of the Bank of Greece, the issues have not been resolved just yet, as the website remains accessible for most people. This DDoS attack by Anonymous also affects all other services, such as mobile and PC banking, which means users can not access their funds unless they stop by the local bank branches.

Bitcoin users in Greece, on the other hand, are not perturbed by this situation by any means. After all, they have taken the necessary steps to achieve financial freedom, and shutting down the Bitcoin protocol is impossible. It will take some time until the average consumer starts to realize banks are on their way out unless they want to evolve, and this Anonymous attack is a clear example of why relying on third-parties to access one’s own money is not a viable solution.

Source: Techworm

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Bitget Launches OpenAI Pre-IPO Access As Crypto Exchanges Push Into Tokenized Equity Markets

Bitget officially launched pre-IPO access to OpenAI via its IPO Prime platform which deepens their…

8 hours ago

Tether Expands Open-Source Push With New Developer Grants For AI And Payment Infrastructure

Tether's presence in decentralized tech space is growing due to the launch of its developer…

1 day ago

Huma Finance Exploit Hits Legacy Contracts As Platform Maintains Stability And Accelerates Transition To V2 System

While challenges remain, the decentralized finance sector is moving forward, and Huma Finance's exploit serves…

1 day ago

Chainlink Expands Cross-Chain Reach As Major Protocols And Institutions Deepen Adoption 

Chainlink is continuing its mission to be the most widely integrated infrastructure in crypto, adding…

2 days ago

Sui Network Hit Again: DeepBook Exploit Adds To Growing List As Token Defies Pressure With Bullish Breakout

A vulnerability in one of the core DeFi protocols on Sui Network exposes the ecosystem…

3 days ago

Polygon Raises Network Capacity To 140M Gas

Polygon has made a big move in cementing its mission as one of the leading…

4 days ago