Defunct cryptocurrency exchange Mt.Gox has been hit with a new challenge in its ongoing repayment of creditors who were affected by its 2014 hack.
Is Mt Gox Under Attack?
Some of these creditors have reported cases of someone trying to log into their Mt.Gox accounts amid the ongoing Bitcoin (BTC) repayments. In the early hours of Thursday, several Reddit users reported as much as 22 failed login attempts on their accounts.
The perpetrator is probably trying to gain access to these accounts and withdraw the BTC when it is eventually paid.
Reddit user ovkovk confirmed receiving 15 notifications for account log in. As a result of the continuous attempt, he noted that he could no longer gain access to his Mt.Gox account. His next question in a trending post on the r/mtgoxinsolvency forum was “Is Mt. Gox under attack???”
Another user u/Joohansson pointed to the fact that this is not the first time such an attack is happening. He believes that the hacker may have a record of Mt.Gox creditor emails. In addition, he stated that Two-factor Authentication-enabled accounts are presumably safe. Therefore, Mt.Gox creditors may need to start enabling the 2FA security system.
In the meantime, the Mt. Gox Claims portal “is temporarily down for maintenance”.
Mt.Gox Commences Repayment Process
Three weeks ago, Mt.Gox’s Rehabilitation Trustee Nobuaki Kobayashi said the exchange will commence distribution of assets stolen in the 2014 hack incident “…..from the beginning of July 2024”.
To this end, the firm was to make available $9 billion in Bitcoin (BTC) and Bitcoin Cash (BCH). Kobayashi emphasized the importance of taking the necessary time to establish a secure and compliant repayment framework.
By July 5, beneficiaries from Reddit confirmed that their Bitbank accounts had been credited. According to them, the amount paid matches what the rehabilitation committee hinted. The defunct cryptocurrency exchange still has some other creditors who are yet to receive their BTC and BCH.
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