Summary:
Creditors of the defunct cryptocurrency exchange Mt. Gox are reporting numerous failed login attempts on their accounts.
Several Reddit users reported as many as 22 failed attempts to log into their accounts.
The Mt. Gox claims portal is currently "temporarily down for maintenance" as of Asian morning hours Thursday.
The failed login attempts suggest that an unknown individual is trying to gain control of creditor accounts and potentially withdraw any received Bitcoin.
Mt. Gox began repaying creditors in early July, following a 2014 hack that resulted in the loss of millions of dollars worth of Bitcoin.
Mt. Gox Creditors Under Attack: Hackers Target Bitcoin Repayments
Creditors of the defunct cryptocurrency exchange Mt. Gox are reporting numerous failed login attempts on their accounts. The situation arose as Mt. Gox began repaying its creditors, with over $9 billion worth of BTC and $73 million of bitcoin cash (BCH) to be distributed in the coming months.
Several Reddit users reported as many as 22 failed attempts to log into their accounts. One user, ovkovk, claimed to have received 15 notifications for account login and was unable to access their account. The user expressed concern about a potential attack on Mt. Gox, stating: "Just received 15 notifications for account log in. Now canât get into my account. Is Mt. Gox under attack???".
The Mt. Gox claims portal is currently "temporarily down for maintenance" as of Asian morning hours Thursday.
The failed login attempts suggest that an unknown individual is trying to gain control of creditor accounts and potentially withdraw any received Bitcoin. While some users have reported previous attempts, others suggest that accounts enabled with two-factor authentication (2FA) are likely safe.
This incident highlights the importance of strong security measures, particularly when handling significant amounts of cryptocurrency. The situation is under investigation, and Mt. Gox is working to resolve the issue.
Mt. Gox began repaying creditors in early July, following a 2014 hack that resulted in the loss of millions of dollars worth of Bitcoin. The exchange has been working to recover stolen funds and compensate affected users.
This incident underscores the ongoing security challenges in the cryptocurrency space. As the industry continues to grow, it is crucial for exchanges and users alike to prioritize security and protect their assets.
Comments