Mt. Gox Creditors Face Unauthorized Login Attempts Amid Bitcoin Repayments
A few Mt. Gox creditors are facing security fears due to multiple login attempts in their accounts.
Key points:
- Multiple Mt. Gox creditors report suspicious login notifications within 24 hours.
- Creditors fear a potential brute-force attack on the Mt. Gox system.
- Mt. Gox website was temporarily taken down for maintenance.
Mt. Gox creditors have been flooding the r/mtgoxinsolvency subreddit amidst the FUD. This issue has surfaced at a time when the exchange is in the process of distributing Bitcoin to its creditors.
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Some Mt. Gox users even reported 15 login attempts
Over the past day, several users have shared their experiences of receiving multiple login notifications. Some even reported as many as 15 attempts within a short period of time.
This has caused panic and speculation about a possible coordinated attack on the Mt. Gox system.
Mt. Gox has recently begun the process of returning funds to its creditors. The exchange has moved billions in Bitcoin including to Kraken.
Two Japanese exchanges, including BitBank and SBI VC Trade, had already received the funds and began the process of distribution.
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In response to several reports, the Mt. Gox claims website is currently down. The website says that it is temporarily down for maintenance.
According to the details from Goxxed, the starting balance before the distribution was 138984.4 BTC. Currently, the exchange has moved 91755.6 BTC and has a current balance of 47228.7 BTC.
