Brute-Force Hacks on the Rise: Mt. Gox Accounts Under Attack
- Mt. Gox faces potential "brute-force" attacks, raising alarm among creditors.
- The website's maintenance follows numerous unauthorized login attempt reports from users.
- Concerns rise over potential market flood as creditors receive billions in Bitcoin repayments.
Mt. Gox Accounts Hit by Rising Brute-Force Hacks
What's The News
The Mt. Gox creditor claims website has gone offline for maintenance after numerous reports of unauthorized login attempts. Creditors are demanding answers as the possibility of a cyberattack looms large.
Reddit Community Sounds the Alarm
Over the last 24 hours, individuals of the Mt. Gox creditor subreddit 'r/mtgoxinsolvency' have reported an increase in login attempts on their accounts. Many have shared screenshots displaying numerous unauthorized access attempts, raising concerns about a possible "brute-force" attack.
Source: Reddit
One Reddit user voiced their concern, stating, "Just received 15 notifications for account login. Now can't get into my account. Is Mt. Gox under attack???" This sentiment was echoed throughout the community, with many users experiencing similar issues.
Source: Reddit
Website Enters Maintenance Mode
In response to the surge of reports, the Mt. Gox website has been taken down for maintenance. Visitors now see a message saying, "Thank you for your patience. Please check back shortly."
Timing Raises Questions
The timing of these events has left many in the community puzzled. One user asked, "Any ideas why they would raid the system now? The coins are already at Kraken." It was also noted that Mt. Gox does not allow creditors to modify their repayment information, adding to the mystery surrounding the potential attack.
Recent Bitcoin Distributions Heighten Tensions
36% of Owed Bitcoin Already Distributed
Mt. Gox recently distributed 36% of the Bitcoin owed to creditors, transferring over 140,000 Bitcoin (valued at nearly $9 billion) to a known cold wallet and two unknown addresses. This significant movement of funds has intensified scrutiny on the exchange's security measures.
Market Impact Concerns
The upcoming repayments have raised concerns that the 127,000 creditors could flood the market with billions of dollars in Bitcoin, potentially affecting the cryptocurrency's price.
Community Awaits Updates
As the Mt. Gox website remains in maintenance mode, creditors are left anxious about the safety of their accounts and the future of their repayments. The cybersecurity concerns have added another layer of complexity to the already prolonged Mt. Gox.
