Mt. Gox creditors report multiple ‘brute-force’ attempts on their accounts

Brayden Lindrea5 hours agoMt. Gox creditors report multiple ‘brute-force’ attempts on their accountsMt. Gox’s claims website is currently down for maintenance, while Mt. Gox creditors are still looking for an explanation behind the recent flood of login attempts.4434 Total views51 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksA Mt. Gox creditor subreddit has been awash with reports over the last 24 hours from users seeing multiple login attempts on their accounts — sparking fears of a potential cyberattack. 

In a subreddit for Mt. Gox creditors known as “r/mtgoxinsolvency,” several users reported issues logging into their accounts on the Mt. Gox website, while others shared screenshots showing a large number of unauthorized log-in attempts on their accounts.Screenshot of a Redditor’s email attempt logins to Mt. Gox’s claim filing system in the r/mtgoxinsolvency subreddit. Source: Reddit

Some have expressed concern that this could be part of a “brute-force” attack on Mt. Gox creditors, though some suggest it could simply be a website glitch.

“Just received 15 notifications for account log in. Now can’t get into my account,” one Redditor captioned their r/mtgoxinsolvency subreddit post. “Is mtgox under attack???”Message displayed by Mt. Gox when login is unsuccessful. Source: Reddit

Dozens of other Redditors shared similar stories, while those who managed to login after several attempts weren’t sure whether to reset their passwords or not.

“It seems we are re-goxxed,” suggested another Redditor.

Others questioned why the hackers would attempt to compromise Mt. Gox"s systems now: “Any ideas why they would raid the system now? The coins are already at Kraken." Another Redditor noted that Mt. Gox doesn"t allow creditors to change their repayment information.

Later posts from Redditors suggest that the Mt. Gox website then went into maintenance mode.

“Thank you for your patience. Please check back shortly,” it said.Screenshot shared by a Redditor in the r/mtgoxinsolvency subreddit. Source: Reddit

Related:Bitcoin price CPI gains last just 1 hour as Mt. Gox sell-off fears linger

The defunct cryptocurrency exchange has now distributed 36% of the Bitcoin to creditors after recently moving over 140,000 Bitcoin, worth almost $9 billion, to a known cold wallet and two unknown addresses.

News that Mt. Gox was closing in on making repayments caused widespread fears that its 127,000 creditors could dump billions of dollars of Bitcoin into the market over the last month.

It contributed to Bitcoin falling to a near-five month low of $53,600 on July 5.

However, Bitcoin has rebounded 20% since then and is currently trading at $64,470.

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