The next batch of repayment may happen soon after Mt Gox was spotted transferring a huge amount of Bitcoin (BTC).
More Bitcoin Offloads From Mt Gox
In the early hours of Tuesday, Arkham Intelligence discovered a Mt Gox-labeled wallet address that sent about 42,587.49 BTC to an unknown wallet. Bitcoin is currently trading at $66,706.28 after losing 0.75% of its value within the last 24 hours.
Based on this price level, the offloaded BTC holding is valued at approximately $2.8 billion.
This is believed to be part of the $9 billion worth of Bitcoin and Bitcoin Cash (BCH) meant for the repayment of Mt.Gox creditors who were affected by the 2014 hack incident. Meanwhile, the $2.8 billion worth of BTC was not the only recorded transferred assets. Mt.Gox, with the same wallet, also sent 5,110.16 BTC, worth $340.8 million, to its cold storage address ending with “1Jbez.”
Cryptocurrency exchange Bitstamp received 2238.87 BTC, worth around $150 million from the defunct crypto firm at around 6:30 a.m. UTC. Before now, Kraken received some crypto assets from Mt Gox for creditors’ repayment. It is expected that by the end of this month, they would have completed the distribution of the allocated assets to the eligible creditors.
Hacker Force Access to Creditors Accounts
Amidst the distribution process, some creditors drew the attention of Mt.Gox to hackers who are trying to gain access to their accounts. Precisely, quite a number of Reddit users reported several failed login attempts on their accounts. One user even claimed to have received 15 notifications for account log in.
Due to the continuous forced attempt by the bad actor, he noted that he could no longer gain access to his Mt Gox account.
This perpetrator is likely trying to cheat creditors out of their accounts and withdraw the BTC when the payments arrives. However, u/Joohansson, a Reddit user, confirmed that it is nothing that a Two-factor Authentication (2FA) security protection can not take care of.
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