Mt. Gox Creditors Face Alarming ‘Brute-Force’ Login Attempts
YEREVAN (CoinChapter.com) — In the past 24 hours, Mt. Gox creditors have reported numerous unauthorized login attempts. The issue was widely discussed in the subreddit ‘r/mtgoxinsolvency,’ where users shared their experiences and fears. One user received 15 notifications for login attempts, leading them to question,
“Is Mt. Gox under attack???”
Screenshots shared in the subreddit revealed a pattern of multiple failed login attempts. Some creditors managed to access their accounts after several tries, while others were locked out entirely.
Mt. Gox Creditors Fear ‘Brute-Force’ Attack Amid Login Issues
The nature of these login attempts has led some creditors to suspect a ‘brute-force’ attack. This type of cyberattack involves trying numerous password combinations to gain unauthorized access to accounts. However, there is also speculation that it might be a website glitch.
One Redditor voiced their concern, stating,
“Just received 15 notifications for account log in. Now can’t get into my account.”
Another added,
“It seems we are re-goxxed.”
Mt. Gox Maintenance Sparks More Questions Amid Login Attacks
In response to the surge in login attempts, the Mt. Gox website went into maintenance mode. A message on the site read,
“Thank you for your patience. Please check back shortly.”
This move has not calmed all concerns, as users continue to seek answers about the cause of the issue.
The timing of these attacks has also raised questions. One user pointed out,
“Any ideas why they would raid the system now? The coins are already at Kraken.”
Another noted that Mt. Gox doesn’t allow creditors to change their repayment information, adding another layer of mystery to the situation.
Bitcoin Distribution Sparks Market Fluctuations
Mt. Gox has recently distributed 36% of its Bitcoin holdings to creditors, moving over 140,000 Bitcoin, worth almost $9 billion, to a known cold wallet and two unknown addresses. This significant transfer has heightened fears among creditors about the security of their remaining assets.
The news of Mt. Gox nearing repayments had already caused concerns in the Bitcoin market. The possibility of creditors dumping large amounts of Bitcoin led to Bitcoin falling to a near five-month low of $53,600 on July 5. Since then, Bitcoin has rebounded by 20% and is currently trading at $64,470.
The post Mt. Gox Creditors Face Alarming ‘Brute-Force’ Login Attempts appeared first on CoinChapter.
