This site (120BTc.coM): Mt.Gox, once the world’s largest Bitcoin exchange, was hacked in 2014 and 850,000 Bitcoins were stolen. After 10 years of bankruptcy litigation, it is expected to 142,000 BTC and 143,000 BCH will be paid to creditors before the end of October.
Mt.Gox announced in early July that it has begun to repay tokens to creditors through various exchanges as planned. However, due to different processing times of exchanges, the specific time for receiving repayment will also vary, such as Kraken's repayment. The deposit time is 90 days, and Bitstamp is 60 days.
A large number of Mt.Gox creditors failed to log in
However, it is worth noting that Mt.Gox seems to have a security risk in terms of repayment security. In the past 24 hours, a large number of users have complained about failed logins on the Mt.Gox website on the subreddit "r/mtgoxinsolvency" of the Mt.Gox creditors subreddit. Some users have also shared screenshots showing a large number of unauthorized logins to their accounts. try.
Some creditors are worried that Mt.Gox’s repayment behavior may be targeted by hackers. This may be a brute force attack on Mt.Gox’s creditors, thereby stealing coins (suspected creditor account information leakage).
A large number of unauthorized login attempts have occurred in Mt. Gox creditor accounts
A Reddit user complained: Just received 15 account login notifications. I can't log into my account now. Is Mt.Gox under attack?
Mt.Gox creditor login failed
Dozens of other Reddit users also shared similar experiences. Some users who successfully logged in after several attempts expressed that they were not sure whether to reset their passwords. Some people questioned, if Hacking, why hackers are trying to compromise Mt.Gox systems now: Any ideas why they are trying to compromise Mt.Gox systems now? The coins are already in Kraken.
After a large number of Reddit users reported abnormal conditions, the Mt.Gox official website has now entered maintenance mode. The official website announcement stated: Thank you for your patience. Please check back later.
Mt.Gox official website has currently entered maintenance mode
36% of Bitcoin has been distributed to creditors
Mt.Gox repayment has always caused market concerns, believing that it may cause Bitcoin to face huge selling pressure, CryptoQuant analyst Maartunn yesterday Zeng published an analysis and found that 36% of Mt. Gox’s Bitcoins have been distributed to creditors.
Financial analyst Jacob King previously analyzed that up to 99% of creditors may want to sell the Bitcoins that have received compensation, because the value of Bitcoin has soared 8,500% in the 10 years after the collapse of Mt. Gox; however, analyst Runner XBT believes that , this group of people are early participants in Bitcoin and will at best face selling pressure in the short term.
The situation remains to be verified over time.
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