Mt. Gox Creditors Face New Security Concerns Amid Efforts to Distribute Recovered Bitcoin
Fresh fears of a new attack have emerged for Mt. Gox creditors, with some receiving emails indicating malicious actors have accessed their accounts. Efforts are ongoing to reunite victims with 141,000 BTC recovered from the 2014 hack.
Efforts to compensate the victims of the Mt. Gox hack, which saw 850,000 BTC stolen, have faced numerous delays. Fresh security concerns arose this week, causing distress among creditors.
Some users reported receiving multiple notifications about unauthorized logins, leading to fears of a potential new attack. One Reddit user shared their experience of receiving 15 notifications and being unable to access their account.
The issue seems related to the website’s email system, which sends login alerts before two-factor authentication is completed. This quirk has led to misleading messages about successful logins.
“The problem with their system is they send that ‘you have logged in’ email BEFORE you enter the 2FA code, so a bit misleading,” commented Reddit user @Joohansson.
Mt. Gox’s website was taken down for maintenance following the reported login attempts. A creditor noted that most crypto held by the exchange had already been transferred to custodians, reducing the threat of theft.
Who’s Selling Up?
Concerns about the impact of 141,000 BTC entering the market have loomed over Bitcoin’s performance. A poll on r/mtgoxinsolvency revealed that a majority of creditors do not plan to sell immediately.
Of 467 respondents, 55% vowed to hold their Bitcoin. Meanwhile, 14.5% plan to sell up to 25% of their holdings, and 18.8% intend to sell all.
BTC’s value has surged by 10,733% since the 2014 attack, bolstering the resolve of early adopters to retain their holdings. Despite their ordeal, many creditors still believe in Bitcoin’s potential.
