- Mt. Gox creditors witnessed several login attempts in their accounts in the last 24 hours.
- Some users also said that they were unable to gain access to their accounts.
- Mt. Gox is set to begin creditor repayments in the upcoming weeks.
Creditors of the defunct crypto exchange Mt. Gox have reported numerous login attempts on their accounts in the past 24 hours, raising concerns of potential exploit attempts. Many users shared screenshots of unauthorized login attempts on Reddit, while some also reported difficulties logging into their accounts.
In a subreddit dedicated to Mt. Gox creditors, several users expressed their concerns, highlighting the numerous login attempts made by potential attackers. One Reddit user and Mt. Gox creditor, “ovkovk,” stated:
“Just logged in. Now don’t know should I change the password or no. But everything looks like before. Thank god at this point you can’t do payee info change. Still getting log in emails. 22 so far.”
The number of brute force login attempts, in which hackers try to access accounts by repeatedly guessing passwords or keys, skyrocketed in the past 24 hours. While some creditors were able to gain access to their accounts, others were not, despite multiple attempts.
Adding to the frustration, the Mt. Gox website went “down for maintenance.” Reddit user “Joohansson” confirmed that accounts with two-factor authentication would be safe from brute force attempts, suggesting that the attacker must have a record of all Mt. Gox emails and is trying to brute force their way in.
According to Arkham Intelligence data, the Mt. Gox wallet currently holds 90,344 bitcoins worth $5.85 billion based on the current price of the world’s largest digital asset. As per CoinMarketCap, Bitcoin is trading at $64,700 at the time of writing, up by more than 11% in the past seven days.
As previously reported, Mt. Gox must complete creditor repayments before October and recently conducted a test transfer of 0.021 BTC. Additionally, the defunct exchange transferred 44,527 BTC to an internal wallet, suggesting preparations for further transfers. The BTC distribution is expected to take place within a week.
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