Mt. Gox Creditors Face Increased Brute-Force Attacks Amid Website Downtime

An Mt. Gox creditor subreddit has been flooded with reports in the past 24 hours from users noticing multiple login attempts on their accounts, sparking fears of a potential cyberattack on Mt. Gox creditors. These reports have raised concerns and confusion within the community as users seek explanations for the recent surge in login attempts.

In the subreddit “r/mtgoxinsolvency,” numerous Mt. Gox creditors have shared their experiences of facing issues while trying to log into their accounts on the Mt. Gox website. Some users posted screenshots showing numerous unauthorized login attempts, leading many to suspect a brute-force attack targeting Mt. Gox creditors.

One Redditor expressed their frustration, stating, “Just received 15 notifications for account log in. Now can’t get into my account. Is mtgox under attack???” This sentiment was echoed by many others, with dozens of Redditors sharing similar stories. Those who managed to access their accounts after several attempts were left unsure whether they should reset their passwords or not.

Some users speculated about the motives behind these login attempts. “Any ideas why they would raid the system now? The coins are already at Kraken,” one Redditor questioned, noting that Mt. Gox doesn’t allow creditors to change their repayment information. Another user chimed in, suggesting, “It seems we are re-goxxed,” reflecting the growing anxiety among the community.

Later, it was reported that the Mt. Gox website went into maintenance mode, displaying a message: “Thank you for your patience. Please check back shortly.” This further fueled concerns among Mt. Gox creditors about the security of their accounts.

Mt. Gox Creditors: Website Maintenance Amidst Cybersecurity Concerns

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The Mt. Gox claims website is currently down for maintenance, adding another layer of uncertainty for Mt. Gox creditors who are still seeking answers regarding the recent flood of login attempts. While some believe the issue could be a website glitch, the possibility of a coordinated cyberattack cannot be ruled out.

In recent developments, Mt. Gox has made significant progress in distributing repayments to its creditors. The defunct cryptocurrency exchange has now distributed 36% of the Bitcoin (BTC) to creditors, following the recent transfer of over 140,000 Bitcoin, worth almost $9 billion, to a known cold wallet and two unknown addresses. This has raised questions among Mt. Gox creditors about the timing of the alleged attacks.

Over the past month, news of Mt. Gox closing in on making repayments caused widespread fears that its 127,000 creditors could potentially dump billions of dollars of Bitcoin into the market. This contributed to Bitcoin’s fall to a near-five month low of $53,600 on July 5. However, Bitcoin has since rebounded by 20% and is currently trading at $64,470.

Amidst these developments, Mt. Gox creditors remain on high alert, closely monitoring any updates from the exchange regarding the security of their accounts. As the situation unfolds, it is crucial for Mt. Gox creditors to stay informed and take necessary precautions to protect their accounts from unauthorized access.

In conclusion, the recent surge in login attempts has sparked significant concern among Mt. Gox creditors, who are now eagerly awaiting further explanations and assurances regarding the security of their accounts. As the claims website undergoes maintenance, the community remains vigilant, hoping for a swift resolution to the ongoing issues.

Stay tuned to The BIT Journal for the latest updates and developments concerning Mt. Gox creditors and other cryptocurrency news.