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Mt. Gox Hit by Potential Brute-Force Login Attempts
The fear of another Mt. Gox security breach grows as creditors report a surge of unauthorized login attempts on their accounts. The new threat arises during the ongoing distribution of billions of dollars worth of Bitcoin to creditors after the infamous 2014 exchange collapse.
Mt. Gox Security Panic
Over the past 24 hours, a wave of panic rippled through the online Mt. Gox creditor community. Reddit’s r/mtgoxinsolvency forum became a hotbed of activity as users reported receiving notifications for numerous failed login attempts on their Mt. Gox accounts.
Fears of a brute-force attack, a method where hackers systematically try various passwords until they succeed, quickly spread. “Just received 15 notifications for account log in… Is Mt. Gox under attack?” wrote user ovkovk, echoing a sentiment shared by many.
While two-factor authentication (2FA) likely prevented unauthorized access, the
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