Mount Gox, a prominent cryptocurrency exchange that infamously declared bankruptcy in 2014 after losing hundreds of millions of dollars worth of Bitcoin, is once again making headlines. Creditors who have been patiently waiting for the distribution of their recovered funds are facing a new wave of cyber threats. Multiple reports have emerged of creditors experiencing brute-force login attempts on their accounts, indicating a concerted effort by hackers to gain unauthorized access.
The situation has escalated to the point where the claims website for Mount Gox creditors is currently unavailable due to maintenance. This development has added to the frustration and anxiety of creditors who have been entangled in the legal proceedings surrounding the exchange's collapse for years. The unauthorized login attempts not only pose a direct threat to the security of individual accounts but also raise concerns about the overall integrity of the distribution process for the recovered funds.
Standard Chartered, Animoca Brands Join Hong Kong's Stablecoin Sandbox
The Hong Kong Monetary Authority (HKMA) has announced participants, including Standard Chartered and Animoca Brands, for its stablecoin issuer sandbox
BlockFi To Begin Temporary Crypto Distributions On Coinbase In July
Bankrupt crypto lender BlockFi will begin its first temporary distribution of crypto assets through Coinbase in July, but non-U.S. clients are current
Mt. Gox Creditors Face Multiple Brute-Force Login Attempts
Mt. Gox creditors are reporting numerous unauthorized login attempts on their accounts, with the claims website currently down for maintenance.
Polygon (MATIC) Set For Major Upgrade And Migration To POL Token On September 4
Polygon (MATIC) is undergoing significant upgrades, including a token transition to POL by September 2024, as part of its 2.0 roadmap to enhance its Z
Indian Crypto Exchange WazirX Hit By $230M Hack
WazirX, a major Indian crypto exchange, suffered a security breach where over $230 million in crypto assets were unauthorizedly transferred from its m