Mt. Gox creditors have recently reported a surge in unauthorized login attempts on their accounts, raising concerns about a possible cyberattack. Over the past 24 hours, the subreddit dedicated to Mt. Gox creditors, known as ‘r/mtgoxinsolvency,’ has been flooded with posts from users experiencing multiple login attempts on the claims website.
Several users shared screenshots displaying numerous unauthorized login attempts, with some unable to access their accounts. One Redditor posted, “Just received 15 notifications for an account login. Now can’t get into my account. Is mtgox under attack???” Another user commented, “It seems we are re-goxxed.”
While some speculated that this might be a “brute-force” attack targeting creditors, others suggested it could be a technical glitch. Questions arose about the timing of the suspected attacks, especially considering that Mt. Gox creditors cannot change their repayment information and that a significant portion of the Bitcoin has already been moved to other platforms.
As users continued to experience login issues, the Mt. Gox website went into maintenance mode, displaying a message: “Thank you for your patience. Please check back shortly.”
This incident follows recent developments in Mt. Gox’s efforts to repay creditors. The now-defunct cryptocurrency exchange has distributed 36% of the Bitcoin owed to creditors, having transferred over 140,000 Bitcoin—worth nearly $9 billion—to a known cold wallet and two unknown addresses. This repayment process has fueled concerns about the potential impact on the Bitcoin market, contributing to a drop in Bitcoin prices earlier this month. However, Bitcoin has since rebounded by 20% and is currently trading at $64,470.
Disclaimer: The information provided on CoinsLately is for informational and educational purposes only. CoinsLately does not provide investment, financial, or legal advice. The content on this site represents the opinions and views of the authors and should not be considered as professional financial advice.
Cryptocurrency investments are highly speculative and involve substantial risk. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. CoinsLately and its authors are not responsible for any financial losses or damages incurred as a result of the information provided on this site.
