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Customers of the scandalous bankrupt crypto exchange are becoming victims of cryptocurrency hackers en masse

1:38 pm, July 19, 2024

Customers of the bankrupt crypto exchange Mt. Gox are reporting numerous attempts by unknown persons to hack their accounts on the platform. In the subreddit r/mtgoxinsolvency, users complain about numerous attempts to log into their accounts. Many believe that the attackers are using a password brute force method, but in all cases, the hacking was stopped by two-factor authentication.

The reports of hacking attempts came after the team of the exchange’s trustee transferred $ 6 billion worth of crypto assets to the Kraken platform for further compensation payments. One of the users suggested that the attackers have records of many Mt. Gox emails and are trying to hack accounts using brute force. So far, the availability of two-factor authentication has protected accounts.

Some users have also suggested that there may have been a data leak from the platform or a failure in the system of the crypto exchange itself. A number of complaints noted that Mt. Gox's website slowed down, and at the time of writing, the site was closed for maintenance.

Commentators note that the exchange transferred 65% of crypto assets to pay creditors, which did not have a significant impact on the price of bitcoin BTC $65,691.66 Bitcoin -0.25% Market capitalization $1.3 trillion VOL. 24 hours $0.61 billion . Mt. Gox will distribute 138,985 BTC worth about $ 9 billion in total. Analysts have previously suggested that the sale of these assets could affect the market, but some experts believe these fears are exaggerated.

Kraken users in the subreddit report that they have not yet received funds to their accounts. A survey showed that less than 20% of Mt. Gox creditors plan to sell the cryptocurrency they received.

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