"Attackers wait until the price of Bitcoins reaches a certain value, sell, destabilize the exchange, wait for everybody to panic-sell their Bitcoins, wait for the price to drop to a certain amount, then stop the attack and start buying as much as they can, " according to the exchange.
The government has refuted a China Business Times report on Monday of a 30% gas price hike that triggered nationwide panic buying and long queues for fuel, says Southern Metropolis Daily.