When John McAfee’s trading platform launched on 12th June it was immediately hit by a denial of service (DOS) attack, according to a tweet from McAfee’s official Twitter account that said: “The AWS servers used by http://McAfeeMagic.com are still under a cloaked hoic DOS attack. I would like to thank the hackers from the bottom of my heart for the free publicity.”
The term ‘hoic’ stands for “High Orbit Ion Cannon”. Cybersecurity website Imperva describes an HOIC DOS attack as stressing a network by “flooding target systems with junk HTTP GET and POST requests.”
Later in the day, McAfee tweeted that the site was operational again, and according to the same tweet, “the McAfeeMagic trading platform allows users to trade on 8 crypto exchanges, shadow trade professional crypto traders, and make fiat -to-crypto conversions with an over-the-counter desk.
In recent weeks the press has been reporting that John McAfee plans to roll out his ‘McAfee Freedom Coin’ in the autumn. His coin will be different to others in that it will have no intrinsic value, or value derived from any other asset. He said, “… It is not based on any commodity nor is it connected to the value or behavior of any external item or entity. The value of the coin will always be zero in relation to any other currency yet it’s natural market value is free, completely, to grow.”