Creditors of the now defunct crypto exchange Mt. Gox are facing a concerning issue during the repayment process. It seems that someone is attempting to log into their accounts, causing multiple failed login attempts and raising questions about the security of the platform.
As Mt. Gox initiated the repayment process, some creditors started receiving notifications about failed login attempts on their accounts. Reddit users took to the r/mtgoxinsolvency forum to share their experiences, with one user reporting a staggering 22 unsuccessful login attempts. This has raised suspicions that an unknown individual is trying to gain unauthorized access to these accounts, possibly with the intention of withdrawing any bitcoins received.
The Mt. Gox claims portal is currently down for maintenance, adding to the concerns of creditors who are already worried about the security of their accounts. While some users have reported similar login notifications in the past, those with two-factor authentication (2FA) enabled seem to be safe for now. Despite the attempts, it is crucial for all creditors to remain vigilant and take necessary security measures to protect their assets.
The ongoing repayment process by Mt. Gox, which began in early July, aims to distribute over $9 billion worth of BTC and $73 million of bitcoin cash (BCH) to the affected traders. This marks a significant step towards compensating the creditors who suffered losses due to the infamous 2014 hack that led to the collapse of the exchange.
It is essential for all Mt. Gox creditors to stay informed about the latest updates regarding the repayment process and to ensure the security of their accounts. By remaining cautious and proactive, they can mitigate the risks associated with unauthorized access attempts and safeguard their assets during this crucial phase of repayment.
